Dhanlaxmi Bank Ltd is an old private sector bank headquartered in Thrissur, Kerala, India. The bank has 245 branches and 257 ATMs spread over the states of Kerala, Tamil Nadu, Karnataka, Andhra Pradesh, Telangana, Maharashtra, Gujarat, Delhi, West Bengal, Madhya Pradesh, Punjab, Uttar Pradesh, Rajasthan, Chandigarh, and Haryana.
Type | Public |
---|---|
Traded as | BSE: 532180 NSE: DHANBANK |
Industry | Banking Financial services |
Founded | 1927 |
Headquarters | Thrissur, Kerala, India |
Key people | |
Products | |
Revenue | ₹1,100 crore (US$150 million) (2020)[1] |
Net income | ₹31.91 crore (US$4.5 million) (2020 Dec)[1] |
Total assets | ₹12,808 crore (US$1.8 billion) (2020 Dec)[1] |
Number of employees | 1,664(2020 Dec)[1] |
Capital ratio | 14.16%[1] |
Website | www |
History
Dhanlaxmi Bank Ltd was incorporated on 14 November 1927 at Thrissur city, Kerala with a capital of ₹11,000 and sevenemployees. It became a Scheduled Commercial Bank in the year 1977.
Business overview
Dhanlaxmi Bank has recorded net profit of Rs.31.91 Crs for the nine months ended December 31, 2020. The standalone net profit for the third quarter of Financial Year 2020-21 was Rs.11.81 Crs.
- Operating profit for Q3 of FY 2020-21 was Rs.32.22 Crs and nine months ended December 31, 2020 was Rs.109.19 Crs.
- Total business of the bank reached Rs. 18293 Crs as on 31 December 2020 from Rs. 17691 Crs as on 31 December 2019 registering growth of 3.40%.
- Deposits recorded a growth of 5.94% to reach Rs.11456 Crs as on 31 December 2020 from Rs. 10813 Crs as on 31 December 2019. Retail Deposits of the Bank registered a growth of 3.36% to reach Rs. 5996 Crs as on 31 December 2020.
- CASA deposits grew by 12.70% and reached Rs.3700 Crs as on 31.12.2020 which was Rs.3283 Crs as on 31.12.2019. CASA to Total deposits as on 31.12.2020 has increased to 32.30%.
- Retail advance grew by 6.17% to reach Rs. 3458 Crs as on 31.12.2020.
- Gold Loan portfolio of the Bank stood at 26.06% of advances, registering a growth of 48.64% on YoY basis
- Asset quality improved significantly with Gross NPA coming down by 135 bit/s and Net NPA coming down by 51 bit/s on a YoY basis to 5.78% and 1.11% respectively.
- Provision Coverage Ratio improved by 337 bit/s on a YoY basis to 92.68%.
Dhanlaxmi Bank has deployed Centralised Banking Solution (CBS) on the Flexcube platform at all its branches for extending anywhere/anytime/anyhow banking to its clientele through multiple delivery channels. The bank has set up a data centre in Bangalore, to keep the networked system operational round the clock.
Change of name
The bank has changed its name from Dhanalakshmi Bank to Dhanlaxmi Bank on 10 August 2010[2]
Partnerships
The bank is a depository participant of NSDL (National Security Depository Limited) offering Demat services through select branches. It has partnered AGS Infotech for installation of ATMs. It offers VISA & Rupay-branded debit cards and VISA branched credit cards to customers. It is also offering insurance services through Bajaj Allianz Life Insurance and CANARA HSBC OBC LIFE company as their Bancassurance life insurance channel partner and Bajaj Allianz General Insurance as General Insurance Channel Partner.
Credit cards
In March 2010, the bank launched Dhanlaxmi Bank Platinum and Gold Credit cards.[3]
See also
References
- ^ a b c d e "Balance Sheet 31.03.2017". dhanbank.com (15 March 2018).
- ^ "Name Change - Dhanlaxmi Bank".
- ^ "Dhanlaxmi Bank launches credit cards". Business Standard. Retrieved 28 March 2010.