Tamilnad Mercantile Bank experienced a 20% increase in advances to ₹533.8 billion year-over-year (YoY), indicating robust lending activity. Additionally, total deposits surged to ₹617.0 billion YoY, reflecting growing customer trust and strong deposit growth.

Tamilnad Mercantile Bank experienced a 17% increase in overall business during Q4, primarily due to an uptick in lending activities. The bank's strong customer deposit growth and positive momentum, which began following a robust Q3, continued to shine.

Tamilnad Mercantile Bank is facing a significant tax demand of INR 5.37 crores for the fiscal year 2024-25, resulting from a disallowance under Section 14A. The bank has announced its intent to appeal this decision.