Whalesbook
Business toh ekdum toofani chala!
TMB ne March quarter ke liye jo provisional figures bataye hain, woh ekdum solid hain. Total business ₹1.15 lakh crore tak pahunch gaya, jo pichhle saal se 17.37% zyada hai aur pichhle quarter se 7.09% upar hai. Advances mein bhi 20.32% year-on-year growth dikhi aur yeh ₹53,380 crore tak pahunch gaye. Deposits bhi 14.94% badh kar ₹61,712 crore ho gayi. Sabse mast baat yeh hai ki Current Account aur Savings Account (CASA) deposits mein 22.35% ki solid badhotri hui hai, jo ab ₹17,365 crore ho gaye hain. March 2026 ke end mein stock lagbhag ₹580 ke aas paas trade kar raha tha.
Tax ka chakkar, ₹209 Cr ki maang!
Ab yeh suniye – TMB ko do alag-alag tax notices mile hain. Pehla notice aaya tha March 18, 2026 ko, jisme Income Tax Department ne ₹204.23 crore ki maang ki hai assessment year 2013-14 ke liye, kuch disallowed claims ke karan. Uske baad, March 30, 2026 ko ₹5.37 crore ka ek aur notice aaya AY 2024-25 ke liye. Toh total ₹209.6 crore ki tax demand bank ke liye ek significant amount hai. TMB ne kaha hai ki woh in dono demands ke khilaaf appeal karega aur unhein filhaal koi bada financial impact nahi dikh raha hai. Lekin haan, March 2025 tak provisions aur contingencies 93.72% year-on-year badh gaye hain.
Valuation aur Sector ka Scene
Jab TMB ke valuations ki baat karte hain, toh yeh apne competitors se kaafi attractive lagta hai. Iska Price-to-Earnings (P/E) ratio lagbhag 7.32 hai, jo sector ke median 11.30 se kaafi kam hai. Price-to-Book (P/B) ratio bhi lagbhag 0.94-0.97 hai, jo peer median ke aas paas ya thoda niche hai. Bank ki Capital Adequacy Ratio (CAR) 32.71% hai jo acchi hai, aur Net Interest Margin (NIM) bhi 3.6-3.7% ke aas paas bana hua hai. Aur NPA levels bhi ekdum low hain, sirf 0.36% as of March 2026.
Saath hi, Indian banking sector mein bhi positive signs hain. Credit growth 14.5% ke aas paas hai, aur deposit growth se thoda upar chal raha hai. Analysts banking sector ke liye cautiously optimistic hain, especially un banks ke liye jo well-capitalized hain. Nifty Bank index mein thoda giravat aayi thi, par PSU banks ne kaafi resilience dikhai hai.
Aage kya?
Ab TMB ke liye sabse important hoga ki woh yeh tax appeals kaise handle karta hai. Sector toh recover ho raha hai, par yeh tax issue ek risk factor hai. Dekhte hain TMB apne loan aur deposit base ko grow kar paata hai ya nahi, aur saath hi tax matters ko bhi kaise manage karta hai.