Private sector lender Tamilnad Mercantile Bank Ltd on Monday (October 27) reported a 4.7% year-on-year rise in net profit at ₹318 crore for the second quarter, compared to ₹303 crore in the same period last year.

Net interest income (NII) for Q2 stood marginally higher at ₹597.1 crore, up 0.2% from ₹596 crore in the corresponding quarter of the previous year. On the asset quality front, the bank showed improvement, with gross non-performing assets (NPA) at 1.01% compared to 1.22% in the previous quarter. Net NPA also declined to 0.26% from 0.33% sequentially.

Tamilnad Mercantile Bank reported total business growth of 11.40% for Q2 FY26, marking the highest year-on-year growth since its listing. Deposits grew 12.32% on a YoY basis, rising to ₹55,421 crore from ₹49,342 crore in the sam

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