TMB advances jump 27% YoY, total business crosses ₹1,21,715 cr
Provisional Q1 figures show strong loan growth and deposit accretion, though CASA slips 2.95% sequentially. Audited results due later.
What's new
- Total business at ₹1,21,715 crore, up 23.04% YoY and 5.76% QoQ.
- Advances rose 27.01% YoY to ₹57,306 crore; deposits grew 19.71% to ₹64,409 crore.
- CASA balances up 16.94% YoY but fell 2.95% from March 2026.
Why this matters
For a mid-cap bank with a market cap of ₹11,601 crore, a 27% advance growth signals strong credit demand and execution. The sequential CASA dip is a minor soft spot; the business growth momentum remains solid.
What we're watching
- Audited results for final NIM and asset quality data.
- Whether CASA ratio stabilises or rebounds next quarter.
- Any guidance on FY27 loan growth trajectory.
The full read
Advances surged 27% YoY to ₹57,306 crore; deposits climbed 20% to ₹64,409 crore. The sequential dip in CASA, while a minor soft spot, does little to detract from a quarter where advances grew by over a quarter and deposits by a fifth — a combination that signals both strong credit demand and healthy liability traction. That's hard to argue with. Audited numbers will reveal the full picture on margins and asset quality.
Questions answered
- Are these numbers audited?
- No, they are provisional and subject to limited review by the bank's statutory central auditors.
- How does the 27% advance growth compare with the bank's trailing loan growth?
- The bank's trailing revenue growth was about 15.6%, so the reported 27.01% YoY advance growth is a notable acceleration.
- What is the bank's current market cap and valuation?
- TMB has a market cap of roughly ₹11,601 crore, trailing P/E of 8.7x and ROE of 14.0%.
- What does the CASA decline imply?
- CASA balances dropped 2.95% quarter-on-quarter, suggesting some outflow of low-cost deposits, although year-on-year growth is still healthy at 16.94%.