Strong Quarter For Tamilnad Mercantile Bank | CNBC TV18
CNBC-TV18 · 27 Oct 2026 · 6 min
Management interview of Tamilnad Mercantile Bank Ltd (TMB), with 8 key numbers discussed.
- Salee S Nair, MD & CEO, Tamilnad Mercantile Bank
Tamilnad Mercantile Bank reported robust growth in Q2, with advances guided to expand 20-22% plus. Gold loan growth reached over 29% in Q2, making up 48% of the loan book, but management anticipates a slowdown due to gold price volatility. Out of the Rs 290bn gold loan portfolio, Rs 220bn is agri-gold loans where stress is not yet visible despite drought conditions. The bank targets 60 branch additions in FY24, expecting repo rate resets to benefit NIM by 4-5 bps, keeping full-year NIM above 4.10%.