Tamilnad Mercantile Bank543596New rating assigned
India Ratings assigns IND AA-/Stable issuer rating to Tamilnad Mercantile Bank
83.3%Retail deposits share of total deposits 1QFY27
- Rating Assigned
- IND AA-/Stable assigned (first-time issuer rating; no previous rating)
- GNPA
- 0.69% in 1QFY27
- Rating Type
- First-time IND AA-/Stable issuer rating (no instrument rated)
- Agency
- India Ratings and Research
- Action
- Assigned
India Ratings assigns IND AA-/Stable issuer rating to Tamilnad Mercantile Bank.
IND AA-Assigned · India Ratings and Research
Incorporation as The Nadar Bank Ltd
Rating assigned by India Ratings
Also from Tamilnad Mercantile Bank
Repo Linked Lending Rate revised to 8.50% from 8.25%
7 Oct 2026
Provisional Q2 Business Update: Total Business Rs. 1,30,261 Crore, Up 27.27% YoY
1 Oct 2026
Two New Branches to Open in Coimbatore District
29 Sep 2026
More numbers
- Total assets FY26752.9 (INR billion)
- Total equity FY26100.6 (INR billion)
- Net income FY2613.4 (INR billion)
- Return on average assets FY261.9
- Capital adequacy ratio FY2633.7
- CET1 ratio 1QFY2731.3%
- GNPA 1QFY270.69%
- Cost of deposits 1QFY275.68%
- Retail deposits share of total deposits 1QFY2783.3%
- Liquidity coverage ratio 1QFY27138.6%
- Excess statutory liquidity ratio as of June 2026INR21.7 billion
- Penalty reduced to by SAFEMA Appellate TribunalINR34 million
Source: BSE · 5 Oct 2026
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