Tamilnad Mercantile Bank (TMB) reported a 28 per cent YoY growth in net profit for the quarter ended March 2026 (Q4FY26) at Rs 374 crore and annual net profit of FY26 stood at Rs 1338 crore, up 13 per cent YoY.

The growth in profitability was driven by the bank achieving its highest advances and deposits growth in the past 39 quarters (~4 years).

At ₹61,712 Cr, deposits grew 15 per cent YoY in FY26, and at ₹53,379 Cr, advances saw a robust 20 per cent YoY growth. For the full fiscal, total business grew at 17.4 per cent YoY to end at Rs 1,15,091 crore. Net Interest Income for FY26 grew 9.8 per cent and stood at Rs 2527 crore.

The quarterly profit also rose despite the front-loading impact of ₹49.8 crores provision by the Thoothukudi-based bank for Performance-based Incentive for FY26 in the quarter ended March.

The bank’s CASA has increased to ₹17,365 crore with a growth rate of 22.4 per cent on YoY basis. Net Interest Margin(NIM) was slightly down to 3.98 per cent as of March 2026 from 4.07 per cent in the year-ago period.

For FY27, the bank expects total business to grow at about 18 per cent with an estimated 20 per cent growth in advances and 16 per cent deposits growth.

The asset quality also improved with Gross NPA as of March 31, 2026 at 0.73 per cent, the lowest in the past 40 quarters. Net NPA stood at 0.18 per cent.

Salee S Nair, MD & CEO, Tamilnad Mercantile Bank, told mediapersons that the bank delivered a FY26 that was markedly different from FY25. “We managed to arrest the decline in CASA, and also achieved a business growth of 9.35 per cent over the last 10 years CAGR,” he said. The credit costs are under control and we are also in the process of ramping up our credit monitoring centres to further accelerate advances and particularly corporate credit, he added.

The MD and CEO also put tariff issues behind them, and said the impact of the West Asia crisis was negligible on the company.

TMB’s export credit is around 3.6 per cent of its total MSME and Corporate credit, and the West Asian countries exposure is around ₹50.95 crore which is 0.10 per cent of total advances.

Advances growth came largely from a surge in gold loans, and also healthy growth in MSME loans. At Rs 24,790 crore, gold loans now make up almost 46 per cent of total advances of the bank, with the bank noting significant measures taken to ensure it is not impacted by gold price volatility.

The bank opened 44 new branches during FY26.

The Board of Directors recommended the payment of Final Dividend of ₹12.50 per equity share of the face value ₹10 each (125%) for FY26, subject to the approval of the shareholders.

The shares of TMB ended the trading day at Rs 702.35 up over 9.7 per cent on the BSE.

Published on April 27, 2026

Telangana Chief Minister A Revanth Reddy
| Photo Credit:
SUSHIL KUMAR VERMA

Telangana Government will be setting up a new Heath City in the upcoming Future City and will take measures to promote medical tourism in the State, Telangana Chief Minister A Revanth Reddy said.

Speaking of inaugurating a new hospital of the Apollo Group in the financial district here on Monday, the Chief Minister said the State government requested the centre to facilitate direct flights from the Middle East to Hyderabad for those who would for medical treatment. 

“We are also talking to the Airport Authority to facilitate shifting of the needy patients to the hospitals through the Green Channel,’’ Reddy said. 

About 40 per cent of the bulk drugs are produced in Hyderabad and even Covid-19 vaccines were also produced in the city,’’ he added.

Inviting investors to the State, the Chief Minister said the investments in the State ‘will be protected’ and the State government would extend all the support, according to a release.

Published on April 27, 2026

Nippon Life India Asset Management Company has reported that the net profit in the March quarter was up 29 per cent at ₹385 crore against ₹299 crore logged in the same period last year.

Revenue from operations increased to ₹739 crore (₹567 crore). It registered net loss of ₹34 crore against earnings of ₹23 crore in other income last year.

The fund house has announced a dividend of ₹12.50 per equity shares. The record date has been fixed as June 26 and payment will be made on July 10.

The MF asset under management of the fund house increased 30 per cent to ₹7.25 lakh crore (₹5.57 lakh crore) with share of equity declining marginally to 45 per cent (47 per cent) while that of debt and liquid dropped to 13 per cent (15 per cent) and 5 per cent (8 per cent). ETFs share increased to 33 per cent (28 per cent). Retail monthly average AUM grew 20 per cent y-on-y to ₹1.96 lakh crore in the quarter under review.

The AUM from ‘Beyond the Top 30 cities’ grew 28 per cent to ₹1.43 lakh crore which forms 20 per cent of its AUM.

The inflows through systematic investment plan was down marginally at ₹10,870 crore in March quarter against ₹10,980 crore logged in December quarter.

Sundeep Sikka, MD & CEO, NAM India said driven by focus on execution, the fund house continued to improve its market share with the highest increase in the industry in FY26, and this has also led to another year of record profit.

Net Sales and SIP market share was well above Equity AUM market share, he added.

Published on April 27, 2026