Tamilnad Mercantile Bank Limited · NSE:TMB
Tamilnad Mercantile Bank — Investor Presentation (May 2026)
20 slides from Tamilnad Mercantile Bank's investor presentation, May 8, 2026
Slide 1: Revised presentation cover letter to stock exchanges
Secretarial Section Head Office, 57- V.E. Road, Thoothukudi – 628 002. ☏: 0461-2325136 e-mail : secretarial@tmbank.in CIN: L65110TN1921PLC001908 Ref.No.TMB.SE.20/2026-27 08.05.2026 The Manager The Manager National Stock Exchange of India Limited, BSE Limited, Exchange Plaza, 5th Floor, Plot No. C/1,
Slide 2: Transforming with purpose, Delivering Growth with trust
Transforming with purpose Delivering Growth with trust www.tmb.bank.in 1
Slide 3: Disclaimer
Disclaimer This presentation has been prepared by Tamilnad Mercantile Bank Ltd., (“the Bank”) solely by the Bank for information purposes only. This presentation is not a complete description of the Bank, and the information contained herein is only current as of its date and has not been verified b
Slide 4: Investment Thesis Summary
Investment Thesis Summary… 1. Leadership Inflection 4. Valuation Gap & Rerating Mr. Salee S. Nair (MD & CEO, Aug '24) - Ex-SBI DMD & Chief Credit Officer Mr. Vincent M D (ED, Sept '24) - Ex-CGM,SBI Current P/B: ~1.15x (as of 04-05-2026) vs peer avg 1.5x Mr. Sanjoy Kumar Goel (CFO, Mar '25) - Ex-GM &
Slide 5: Leadership Inflection Point – From Stability to Scalable Growth
Leadership Inflection Point – From Stability to Scalable Growth Strategic transformation under ex-SBI Leadership Timeline & Key Milestones leadership NIM Recovery -9 bps YoY 3.98% FY26 (vs 4.07% in FY25) Aug 2024 Sep 2024 Mar 2025 Apr 2025 Q3 FY27 3.91% 4.18% (Q4FY25) (Q4FY26) MD Appointment ED Join
Slide 6: Growth Trend – Q1FY25 to Q4FY26
Growth Trend – Q1FY25 to Q4FY26 Growth Metrics Trend Q1 FY25 → Q4 FY26 Advances, Deposits, CASA & CD Ratio Advances ₹53,379 Cr Deposits₹61,712 Cr 20.32% YoY 14.94% YoY 89.52% 86.20% 86.62% 86.50% 83.86% 84.68% 83.05% 82.64% 61,712 CASA Ratio 28.14% CD Ratio 86.50% 19 bps QoQ 302 bps QoQ 56,707 55,42
Slide 7: Growth Trend – FY16 to FY26
Growth Trend – FY16 to FY26 Growth Metrics Trend FY20 → FY26 Advances, Deposits, CASA & CD Ratio Advances ₹53,379 Cr Deposits₹61,712 Cr +20.32% YoY +14.94% YoY 86.50% 82.63% 80.72% 78.68% 61,712 75.15% 74.42% 76.90% 76.68% 76.98% 75.11% CASA Ratio 28.14% CD Ratio 86.50% 69.16% 53,689 53,379 +170 bps
Slide 8: Operating Efficiency – Scale with Control
Operating Efficiency – Scale with Control Cost-to-Income Ratio Trend (%) Branch Productivity ₹5.47 Cr Cost to income trend (%) Revenue per branch (FY26) 2 bps YoY 47.00% 46.23% 46.10% 45.50% 44.90% 44.60% Staff Cost Normalization 41.37% 42.29% 42.24% ₹795 Cr FY26 (vs ₹x726 Cr FY25) +9.38% (YoY) Stab
Slide 9: Profitability Trend
Profitability Trend Net Interest Income & PAT Trend Return Metrics Yearly progression from FY16 to FY26 ROA & ROE performance NII (₹ Cr) PAT (₹ Cr) ROE (%) ROA (%) 2,527 2,301 16.58% 16.78% 2,094 2,151 14.10% 14.44% 13.97% 13.99% 1,815 1,538 10.73% 1,320 1,338 1,072 1,183 1,029 822 603 408 1.66% 1.9
Slide 10: Growth Quality – Deep Dive
Growth Quality – Deep Dive RAM Portfolio Mix & Secured Lending Digital Distribution ~95% 0.10% >100% ~97% 170+ RAM Mix Unsecured Collateral Coverage (NPA) Digital Txn Services Key Initiatives Portfolio Composition Security Profile CX platform Retail: ₹14,912 Cr (27.94% of advances), Human Capital Ma
Slide 11: Asset Quality Excellence Panel
Asset Quality Excellence Panel GNPA & NNPA Trends Provision Coverage Ratio 0.73% 0.18% 96.14% PCR (%) GNPA NNPA PCR ↓ 52 bps from FY25 ↓ 18 bps from FY25 ↑ 228 bps from FY25 87.92% 90.90% 87.52% 93.86% 96.14% 71.01% 72.71% 73.61% 80.75% 79.53% 66.51% GNPA (%) NNPA (%) 4.32% 3.60% 3.62% 2.91% 3.44% F
Slide 12: Quarterly Evolution – Q1FY25 to Q4FY26
Quarterly Evolution – Q1FY25 to Q4FY26 Key Performance Metrics & Milestones Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 NIM 4.12% NIM 4.25% NIM 4.00% NIM 3.91% NIM 3.84% NIM 3.83% NIM 4.04% NIM 4.18% RoA 1.88% RoA 1.94% RoA 1.89% RoA 1.81% RoA 1.82% RoA 1.85% RoA 1.97% RoA 2.05%
Slide 13: Investment Case & Risk Framework
Investment Case & Risk Framework Catalysts & Growth Drivers Q1 FY26 - Q4 FY26 Key Risks & Mitigants CASA Rebuild NIM Expansion Gold Price Shock Transaction Banking/NRI/Elite programs driving Current portfolio LTV 53% Liability repricing and treasury optimization sequential gains Portfolio stress tes
Slide 14: Strategic Enablers – Secured Lending, Technology & Credit Architecture
Strategic Enablers – Secured Lending, Technology & Credit Architecture Gold (Jewel) Loan Portfolio IT Centers – Dual-City Architecture Credit Management Centers (CMCs) ₹24,790+ Cr Oracle Fusion Cloud 12 Regional CMCs FY26 Book · >46% of Total Advances ERP · HCM · CX — Full Suite Live by Mar 2026 Hub
Slide 15: Strategic HR Initiatives Driving Banking Excellence – 1,043 New Hires
Strategic HR Initiatives Driving Banking Excellence – 1,043 New Hires Strategic Leadership Senior Customer Service Executives Campus Recruitment Expansion (SCSEs) Drive Onboarding of 20 high Expanded frontline capability outside Tamil Talent pipeline through recruitment performing Branch Heads to Na
Slide 16: Why the position Turned Positive
Why the position Turned Positive Strategic Transformation Overview Key Transformation Drivers Since Sep’24… …As of now Leadership IT Focused Ex-SBI leadership with process rigor, BRE+LMS rollout, Oracle Fusion, Strategy Fragmented Strategy Calibrated PPP function, board oversight Digital Engagement
Slide 17: Investor Issues Well Taken Care Off
Investor Issues Well Taken Care Off Key concerns… …Where things Stands The first notice has already been adjudicated and is now A government agency (ED) served two show cause at the appeal stage. Appellate Tribunal for foreign notices alleging that share transfers in 2007 and bonus exchange heard th
Slide 18: Management Has a Track Record of Delivering: Targets Exceeded Across KPIs
Management Has a Track Record of Delivering: Targets Exceeded Across KPIs Q4FY26 actuals vs. guidance across CASA, Credit quality and Profitability. KPI Q4FY26 Guidance Q4FY26 Actual Status CASA Growth 15%+ 22.35% ✓ Exceeded Deposits Growth 13-13.5% 14.94% ✓ Exceeded Advances Growth 16-17% 20.32% ✓
Slide 19: The MD's Closing Statement
THE MD’S CLOSING STATEMENT…. "At Tamilnad Mercantile Bank, we do not manage quarters. We steward a 104-year institution." — Salee S. Nair, MD & CEO, Tamilnad Mercantile Bank Tech-Led Scalability, A Clear Runway to Justified 100+ Years of Unbroken Trust Relationship-Powered Growth Rerating We are dep
Slide 20: Investor Relations Contacts
Investor Relations Contacts Mr. Swapnil Yelgaonkar, Mr. Sanjoy Kumar Goel, Chief Financial Officer, Company Company Secretary & CFO Contact Compliance Officer, Email : cfo@tmbank.in Secretary Email : cs@tmbank.in Adfactors Pvt Ltd. Mr. T.E. Narasimhan Visit www.tmb.bank.in Adfactors Mobile: 98417-34
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