Dhanlaxmi Bank Ltd is an Indian private sector bank headquartered in

Thrissur Thrissur (), formerly Trichur, also known by its historical name Thrissivaperur, is a city and the headquarters of the Thrissur district in Kerala, India. It is the third largest urban agglomeration in Kerala after Kochi and Kozhikode, and t ...

Kerala Kerala ( ; ) is a state on the Malabar Coast of India. It was formed on 1 November 1956, following the passage of the States Reorganisation Act, by combining Malayalam-speaking regions of the erstwhile regions of Cochin, Malabar, South Ca ...

. The bank has 245 branches and 258 ATMs/CDMs spread over the states of Kerala,

Tamil Nadu Tamil Nadu (; , TN) is a state in southern India. It is the tenth largest Indian state by area and the sixth largest by population. Its capital and largest city is Chennai. Tamil Nadu is the home of the Tamil people, whose Tamil language ...

Karnataka Karnataka (; ISO 15919, ISO: , , also known as Karunāḍu) is a States and union territories of India, state in the southwestern region of India. It was Unification of Karnataka, formed on 1 November 1956, with the passage of the States Reor ...

Andhra Pradesh Andhra Pradesh (, abbr. AP) is a state in the south-eastern coastal region of India. It is the seventh-largest state by area covering an area of and tenth-most populous state with 49,386,799 inhabitants. It is bordered by Telangana to the ...

Telangana Telangana (; , ) is a state in India situated on the south-central stretch of the Indian peninsula on the high Deccan Plateau. It is the eleventh-largest state and the twelfth-most populated state in India with a geographical area of and 35 ...

Maharashtra Maharashtra (; , abbr. MH or Maha) is a state in the western peninsular region of India occupying a substantial portion of the Deccan Plateau. Maharashtra is the second-most populous state in India and the second-most populous country subdi ...

Gujarat Gujarat (, ) is a state along the western coast of India. Its coastline of about is the longest in the country, most of which lies on the Kathiawar peninsula. Gujarat is the fifth-largest Indian state by area, covering some ; and the ninth ...

Delhi Delhi, officially the National Capital Territory (NCT) of Delhi, is a city and a union territory of India containing New Delhi, the capital of India. Straddling the Yamuna river, primarily its western or right bank, Delhi shares borders w ...

West Bengal West Bengal (, Bengali: ''Poshchim Bongo'', , abbr. WB) is a state in the eastern portion of India. It is situated along the Bay of Bengal, along with a population of over 91 million inhabitants within an area of . West Bengal is the fou ...

Madhya Pradesh Madhya Pradesh (, ; meaning 'central province') is a state in central India. Its capital is Bhopal, and the largest city is Indore, with Jabalpur, Ujjain, Gwalior, Sagar, and Rewa being the other major cities. Madhya Pradesh is the second ...

Punjab Punjab (; Punjabi Language, Punjabi: پنجاب ; ਪੰਜਾਬ ; ; also Romanization, romanised as ''Panjāb'' or ''Panj-Āb'') is a geopolitical, cultural, and historical region in South Asia, specifically in the northern part of the I ...

Uttar Pradesh Uttar Pradesh (; , 'Northern Province') is a state in northern India. With over 200 million inhabitants, it is the most populated state in India as well as the most populous country subdivision in the world. It was established in 195 ...

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Chandigarh Chandigarh () is a planned city in India. Chandigarh is bordered by the state of Punjab to the west and the south, and by the state of Haryana to the east. It constitutes the bulk of the Chandigarh Capital Region or Greater Chandigarh, which al ...

, and

Haryana Haryana (; ) is an Indian state located in the northern part of the country. It was carved out of the former state of East Punjab on 1 Nov 1966 on a linguistic basis. It is ranked 21st in terms of area, with less than 1.4% () of India's land ...

History

Dhanlaxmi Bank Ltd was incorporated on 14 November 1927 as Dhanalakshmi Bank at

with a capital of and seven employees. It became a Scheduled Commercial Bank in the year 1977.

Business overview

• Dhanlaxmi Bank has recorded an annual operating profit of Rs.134.30 Crs and Net profit of Rs.35.90 Crs for the financial year ended 31st March 2022. • Total business of the Bank improved to Rs. 20847 Crs as on 31st March 2022 from Rs. 18834 Crs as on 31st March 2021, registering growth of 10.69%. • Deposits recorded a growth of 5.90 % to reach Rs.12403 Crs as on 31st March 2022 against Rs. 11712 Crs as on 31st March 2021. • CASA deposits grew by 8.80% during the year and reached Rs.4252 Crs as on 31st March.2022 which was Rs.3908 Crs as on 31st March.2021. • CASA to Total deposits as on 31st March.2022 improved to 34.28%. • Gross Advances reached Rs.8444 Crs as on 31st March 2022 from Rs. 7122 Crs as on 31st March 2021, registering growth of 18.56%. • Annual Net Interest Income increased from Rs.329.65 Crs as on 31st March 2021 to Rs. 362.32 Crs, as on 31st March 2022 registering growth of 9.91% • Non-Interest income of the Bank increased to Rs. 169.12 Crs as on 31st March 2022 from Rs. 122.22 Crs as on 31st March 2021, registering a growth of 38.37% . • NIM improved from 2.82% to 3.00% on Y-o-Y basis • Total Income of the Bank increased by Rs.32.79 Crs with growth of 3.11% on Y-o-Y basis • Cost to Income Ratio reduced from 81.01% to 74.73% on Y-o-Y basis • CD Ratio improved from 60.81% to 68.08% on Y-o-Y basis. • Asset Quality improved significantly with Gross NPA coming down by 291 bps and Net NPA coming down by 191 bps on a Y-o-Y basis to 6.32% and 2.85% respectively. • Provision Coverage Ratio improved from 74.20% to 80.64% on Y-o-Y basis • Book Value of shares improved from Rs.34.15 to Rs.35.57 on Y-o-Y basis • CRAR as on March 31, 2022 was 12.98% Dhanlaxmi Bank has deployed Centralised Banking Solution (CBS) on the

Flexcube Oracle Financial Services Software Limited (OFSS) is a subsidiary of Oracle Corporation. It is a retail banking, corporate banking, and insurance technology solutions provider for the banking industry. It also provides risk and compliance manage ...

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.

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 Bancassurance is a relationship between a bank and an insurance company that is aimed at offering insurance products or insurance benefits to the bank's customers. In this partnership, bank staff and tellers become the point of sale and point o ...

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.

References

External links

* {{Banking in India Banks established in 1927 Indian companies established in 1927 Banks based in Thrissur Private sector banks in India Companies listed on the National Stock Exchange of India Companies listed on the Bombay Stock Exchange