TMB Q2 FY27 Guidance vs Delivery (TMB Management Mirror)

Q2 FY27 Advances Grow 29.32%, Exceeding 21%-22% Target Guided in Jun'26 Qtr

In Sep'26 Qtr, total advances grew 29.32% YoY to Rs 60,691 crores as reported in the quarterly results. This performance explicitly exceeds the FY27 advances growth target upgraded to 21% to 22% in the Jun'26 Qtr concall from the initial 20% guidance set in Mar'26 Qtr. Looking ahead, management has now raised the full-year FY27 total advances growth guidance to over 22%, and stated a long-term ambition over a 3- to 5-year horizon to sustain overall business growth at 4% to 5% above the banking industry growth rate.