Tamilnad Mercantile Bank Q1 profit jumps 35%, Gross NPA at 0.69%

Tamilnad Mercantile Bank reported a 35% YoY increase in Q1 FY27 net profit to ₹412 crore, driven by strong loan growth and improved asset quality. Advances rose 28%, deposits increased 20%, while Gross NPA and Net NPA improved to 0.69% and 0.17%, respectively. The bank also maintained a strong Basel III capital adequacy ratio of 32.33%.