India Ratings assigns Tamilnad Mercantile Bank at IND AA-, outlook Stable
Tamilnad Mercantile Bank (BSE: TMB) said India Ratings has assigned its credit rating at IND AA- with a stable outlook. The company is valued at about ₹13,809 crore.
What happened
Tamilnad Mercantile Bank (BSE: TMB) informed the stock exchanges on 5 October 2026 at 07:11 PM that India Ratings has assigned its credit rating at IND AA- with a stable outlook.
From the filing: "We are enclosing the letter issued by the rating agency with this intimation."
Company snapshot
Tamilnad Mercantile Bank is a small-cap company in the Financial Services sector, with a market value of about ₹13,809 crore.
The stock last traded at ₹872.1, against a 52-week range of ₹420–₹954.2 (8.6% below the high).
Before this filing the shares had moved −3.8% over the month and +14.9% over three months. Average daily turnover over the last 20 sessions was about ₹12.43 crore.
Promoters held 0.00% at the end of Q1 FY27. Foreign institutions owned 6.73% and domestic institutions 1.95%.
| Quarter | Revenue | Net profit | EPS (₹) |
|---|---|---|---|
| Q1 FY26 | 1,617 | 304.9 | 19.25 |
| Q2 FY26 | 1,621 | 317.5 | 20.05 |
| Q3 FY26 | 1,665 | 341.5 | 21.57 |
| Q4 FY26 | 1,792 | 373.7 | 23.6 |
| Q1 FY27 | 1,901 | 411.5 | 25.99 |
What history shows
BCEIE's records show 1 previous credit rating filing from the company since May 2026.
Across 186 similar disclosures by other Financial Services companies, shares moved +0.1% on average the next day and −0.1% over five days; 47% of them rose the next day.
Market-wide, 1,207 credit rating filings with an impact score of 50 or more saw an average next-day move of +0.2%, with 47% rising.
Past reactions describe what happened before; they are not a forecast.
What to watch
- Whether other agencies take a similar view on the company's credit.
In the news
Recent coverage elsewhere (links open the original publisher):
- Tamilnad Mercantile Bank Share Price - Live NSE: TMB Stock Price & Chart
- Tamilnad Mercantile Bank Q2 Update: Total business tops ₹1.30 lakh crore, advances jump 29%
- RBI appoints R. Kannan as Additional Director at Tamilnad Mercantile Bank
- Tamilnad Mercantile Bank TMB Opens Two Coimbatore Branches
- Tamilnad Mercantile Bank Announces Expansion with Two New Branches in Coimbatore District
Source
Automatically written from the exchange filing and BCEIE data. Not investment advice. Check the original filing before acting on it.