MSME and retail retail segments are expected to be the main taxpayers to growth in fiscal year 26. | Photo credit: Rajesh N
Thothukudi (Tamil Nadu) Tamilnad Mercantile Bank (TMB) A 15-18 percent growth in advances for fiscal year 26 is anticipated, largely driven by the expected performance in the RAM (retail, agriculture and MSME). The old private sector bank has also implemented three main initiatives, among others, to increase its home action (current account savings).
For fiscal year 2015, TMB reported a 11 percent increase in gross advances to ₹ 44,366 million rupees. “We have strategically be moderating the corporate portfolio. The RAM grew by 13.19 percent and represented 93 percent of the gross advances in fiscal year 200
It is expected that the retail and retail segments are the main taxpayers to growth in fiscal year 26. “We face some challenges the last quarter when we adjust to these changes, and we hope that part of that pain will continue in the first quarter of the fiscal year 2016. However, we anticipate a remarkable improvement in our ability to on board in turnot, especially, especially, especially, added.
The bank has already identified a list of customers on board, including many who had previously left due to delays or the inability of the bank to provide appropriate solutions. “We are jobs to rebuild these relationships. In fact, we have significantly expanded our relationship management team to help us take advantage of the most effective market in retail and Mipyme segments,” Nair said.
In the front of technology, TMB automation systems are almost ready. Unlike the past, many sanctions will now be processed within the department center.
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Despite a general growth of deposits or 8.43 percent in fiscal year 2015, TMB recognizes that it is still following the market. “However, the trend is improving, and we are sure that we will be aligned with the market in fiscal year 26,” Nair added.
The bank also has plans for the expansion of the footprint, with plans to open 50 new branches in this fiscal year, half or that will be located outside or Tamil Nadu.
Posted on April 24, 2025
