Tamilnad Mercantile Bank ( TMB ) aims to clock 14% loan growth by the end of the current financial year, led by expansion in its micro, small and medium enterprises ( MSME ) portfolio, managing director and chief executive officer Salee S. Nair told FE .

“We want to ride on the MSMEs to generate that kind of growth (14%). Next year, we are looking at at least 1% to 2% higher than what we achieve in this current year,” Nair said.

The bank is also targeting a deposit growth of 12–13% and a 12% increase in current and savings account (CASA) deposits by the fiscal year end. As of September, the lender reported loan growth of 10.34% and deposit growth of 12.32%.

On margins, Nair said that if there are no further repo rate cuts, the bank’s net interest margin (NIM) could rise to 3.85–3

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