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| name            = Dhanlaxmi Bank
| name            = Dhanlaxmi Bank
| logo            = Dhanlaxmi Bank.svg
| logo            = Dhanlaxmi Bank.svg
| image           =
|image = File:Dhana_lakshmi_bank.jpg
| image_size =
| image_alt = Dhanlaxmi Bank New Head office
| image_caption = Dhanlaxmi Bank New Head Office
| type            = [[Public]]
| type            = [[Public]]
| traded_as        = {{BSE|532180}}<br />{{NSE|DHANBANK}}
| traded_as        = {{BSE|532180}}<br />{{NSE|DHANBANK}}
| industry        = [[Banking]]<br />[[Financial service]]s
| industry        = [[Banking]]<br />[[Financial service]]s
| founded          = {{Start date and age|1927|11|14|df=yes}}
| founded          = {{Start date and age|1927|11|14|df=yes}}
| key_people      = {{Unbulleted_list|J. K. Shivan<br />([[Chief executive officer|CEO]] & [[Managing director|MD]])|G. Subramonia Iyer<br />([[Chairman]])}}
| key_people      = {{Unbulleted_list|J. K. Shivan<br />([[Chief executive officer|CEO]] & [[Managing director|MD]])|<br />()}}
| products        = {{Bulleted_list|[[Credit card]]s|[[Retail banking|Consumer banking]]|[[Commercial bank|Corporate banking]]|[[Financial services|Finance and Insurance]]|[[Mortgage loan]]s|[[Private banking]]|[[Wealth management]]|[[Investment banking]]}}
| products        = {{Bulleted_list|[[Credit card]]s|[[Retail banking|Consumer banking]]|[[Commercial bank|Corporate banking]]|[[Financial services|Finance and Insurance]]|[[Mortgage loan]]s|[[Private banking]]|[[Wealth management]]|[[Investment banking]]}}
| revenue          = {{Increase}}{{INRConvert|1100|c}} (2020)<ref name="BalSheet">[https://www.dhanbank.com/pdf/financials/Annual_Report_2016-17.pdf "Balance Sheet 31.03.2017"]. dhanbank.com (15 March 2018).</ref>
| revenue          = {{Increase}}{{INRConvert|1086|c}} (2022)<ref name="BalSheet">[https://www.dhanbank.com/pdf/financials/Annual_Report_2016-17.pdf "Balance Sheet 31.03.2017"]. dhanbank.com (15 March 2018).</ref>
| net_income      = {{increase}} {{INRConvert|31.91|c}} (December 2020)<ref name="BalSheet"/>
| net_income      = {{Decrease}} {{INRConvert|35.90|c}} (2021)<ref name="BalSheet"/>
| assets          = {{Increase}}{{INRConvert|12808|c}} (December 2020)<ref name="BalSheet"/>
| assets          = {{Increase}}{{INRConvert|13796|c}} ( 2021)<ref name="BalSheet"/>
| equity          =  
| equity          =  
| num_employees    = 1,664 (December 2020)<ref name="BalSheet"/>
| num_employees    = 1,723 (March 2022)<ref name="BalSheet"/>
| ratio            = 14.16%<ref name="BalSheet"/>
| ratio            = 12.98%<ref name="BalSheet"/>
| location        = [[Thrissur]], [[Kerala]], India
| location        = [[Thrissur]], [[Kerala]], India
| homepage        = {{url|https://www.dhanbank.com}}
| homepage        = {{url|https://www.dhanbank.com}}
}}
}}


'''Dhanlaxmi Bank Ltd''' is an Indian private sector bank headquartered in [[Thrissur]], [[Kerala]]. 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, India|Punjab]], [[Uttar Pradesh]], [[Rajasthan]], [[Chandigarh]], and [[Haryana]].
'''Dhanlaxmi Bank Ltd''' is an Indian private sector bank headquartered in [[Thrissur]], [[Kerala]]. The bank has 245 branches and 258 ATMs/CDMs spread over the states of Kerala, [[Tamil Nadu]], [[Karnataka]], [[Andhra Pradesh]], [[Telangana]], [[Maharashtra]], [[Gujarat]], [[Delhi]], [[West Bengal]], [[Madhya Pradesh]], [[Punjab, India|Punjab]], [[Uttar Pradesh]], [[Rajasthan]], [[Chandigarh]], and [[Haryana]].


==History==
==History==
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==Business overview==
==Business overview==
* Bank has recorded an annual operating profit of {{INR|105.09 crores}} and Net profit of {{INR|37.19 crores}} for the financial year ended 31 March 2021.
• 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 reached {{INR|18,834 crores}} as on 31 March 2021 from {{INR|17,703 crores}} as on 31 March 2020, registering growth of 6.39%.
• 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 7.41% to reach {{INR|11,712 crores}} as on 31 March 2021 from {{INR|10,904 crores}} as on 31 March 2020.  
• 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 20.28% during the year and reached {{INR|3,908 crores}} as on 31 March 2021 which was {{INR|3,249 crores}} as on 31 March 2020.  
• 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 31 March 2021 has increased to 33.37%.
• CASA to Total deposits as on 31st March.2022 improved to 34.28%.
* Gross Advances reached {{INR|7,122 crores}} as on 31 March 2021 from {{INR|6,799 crores}} registering growth of 4.75%.  
• 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%.
* Retail advance grew by 19.91% to reach {{INR|3,608 crores}} as on 31 March 2021.
• 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%
* Gold Loan portfolio stood at 26.14% of advances, registering a growth of 46.61% on YoY basis
• 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% .  
* Non-Interest income of the Bank increased to {{INR|141.48 crores}} as on 31 March 2021 from {{INR|112.85 crores}} as on 31 March 2020, registering a growth of 25.37%.
• NIM improved from 2.82% to 3.00% on Y-o-Y basis
* CRAR improved to 14.47% in FY 2020-21 against 14.41% during the Previous Year 2019–20.
• Total Income of the Bank increased by Rs.32.79 Crs with growth of 3.11% on Y-o-Y basis
* Book Value of the Shares stands at {{INR|34.15}} as on 31 March 2021.
• 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]] 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.
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===
===Change of name===
The bank has changed its name from Dhanalakshmi Bank to Dhanlaxmi Bank on 10 August 2010.<ref>https://www.business-standard.com/article-amp/companies/dhanalakshmi-bank-gets-roc-nod-for-name-change-110081400110_1.html</ref>
The bank has changed its name from Dhanalakshmi Bank to Dhanlaxmi Bank on 10 August 2010.<ref>{{Cite news|url=https://www.business-standard.com/article-amp/companies/dhanalakshmi-bank-gets-roc-nod-for-name-change-110081400110_1.html|title = Dhanalakshmi Bank gets RoC nod for name change|newspaper = Business Standard India|date = 14 August 2010|agency = Press Trust of India}}</ref>


===Partnerships===
===Partnerships===
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===Credit cards===
===Credit cards===
In March 2010, the bank launched Dhanlaxmi Bank Platinum and Gold Credit cards.<ref>{{cite web
In March 2010, the bank launched Dhanlaxmi Bank Platinum and Gold Credit cards.<ref>{{cite news
|url=http://www.business-standard.com/india/storypage.php?autono=389390
|url=http://www.business-standard.com/india/storypage.php?autono=389390
|title=Dhanlaxmi Bank launches credit cards
|title=Dhanlaxmi Bank launches credit cards
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==See also==
==See also==
{{Portal|Banks}}
 
* [[Banking in India]]
* [[Banking in India]]
* [[List of banks in India]]
* [[List of banks in India]]

Latest revision as of 03:17, 14 August 2023


Dhanlaxmi Bank
Traded asBSE: 532180
NSE: DHANBANK
IndustryBanking
Financial services
Founded14 November 1927; 97 years ago (1927-11-14)
HeadquartersThrissur, Kerala, India
Key people
Products
RevenueIncrease₹1,086 crore (US$120 million) (2022)[1]
Decrease ₹35.90 crore (US$4.1 million) (2021)[1]
Total assetsIncrease₹13,796 crore (US$1.6 billion) ( 2021)[1]
Number of employees
1,723 (March 2022)[1]
Capital ratio class39 = tel12.98%[1]
Websitewww.dhanbank.com

Dhanlaxmi Bank Ltd is an Indian private sector bank headquartered in Thrissur, Kerala. The bank has 245 branches and 258 ATMs/CDMs 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.

History[edit]

Dhanlaxmi Bank Ltd was incorporated on 14 November 1927 as Dhanalakshmi Bank at Thrissur with a capital of ₹11,000 and seven employees. It became a Scheduled Commercial Bank in the year 1977.

Business overview[edit]

• 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 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[edit]

The bank has changed its name from Dhanalakshmi Bank to Dhanlaxmi Bank on 10 August 2010.[2]

Partnerships[edit]

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[edit]

In March 2010, the bank launched Dhanlaxmi Bank Platinum and Gold Credit cards.[3]

See also[edit]

References[edit]

  1. ↑ 1.0 1.1 1.2 1.3 1.4 "Balance Sheet 31.03.2017". dhanbank.com (15 March 2018).
  2. ↑ "Dhanalakshmi Bank gets RoC nod for name change". Business Standard India. Press Trust of India. 14 August 2010.
  3. ↑ "Dhanlaxmi Bank launches credit cards". Business Standard. Retrieved 28 March 2010.

External links[edit]

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