Dhanlaxmi Bank: Difference between revisions

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{{Use dmy dates|date=October 2020}}
{{Use dmy dates|date=October 2020}}
{{Infobox company
{{Infobox company
| name             = Dhanlaxmi Bank
| name = Dhanlaxmi Bank
| logo             = Dhanlaxmi Bank.svg
| logo = Dhanlaxmi Bank.svg
| image           =
| image =  
| type             = [[Public]]
| image_size =
| traded_as       = {{BSE|532180}}<br />{{NSE|DHANBANK}}
| image_alt = Dhanlaxmi Bank New Head office
| industry         = [[Banking]]<br />[[Financial service]]s
| image_caption = Dhanlaxmi Bank New Head Office
| founded         = {{Start date and age|1927|11|14|df=yes}}
| type = [[Public]]
| key_people       = {{Unbulleted_list|J. K. Shivan<br />([[Chief executive officer|CEO]] & [[Managing director|MD]])|G. Subramonia Iyer<br />([[Chairman]])}}
| traded_as = {{BSE|532180}}<br />{{NSE|DHANBANK}}
| 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]]}}
| industry = [[Banking]]<br />[[Financial service]]s
| 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>
| founded = {{Start date and age|1927|11|14|df=yes}}
| net_income       = {{increase}} {{INRConvert|31.91|c}} (December 2020)<ref name="BalSheet"/>
| key_people = {{Unbulleted_list|Ajith Kumar K K <br />([[Chief executive officer|CEO]] & [[Managing director|MD]])}}
| assets           = {{Increase}}{{INRConvert|12808|c}} (December 2020)<ref name="BalSheet"/>
| products = {{Bulleted_list|[[Credit card]]s|[[Retail banking|Consumer banking]]|[[Commercial bank|Corporate banking]]|[[Financial services|Finance and Insurance]]|[[Mortgage loan]]s|[[Private banking]]|[[Govt Banking]]|[[Investment banking]]}}
| equity           =  
| revenue = {{Increase}} {{INRConvert|1489|c}} (2025)<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>
| num_employees   = 1,664 (December 2020)<ref name="BalSheet"/>
| net_income = {{Increase}} {{INRConvert|66.64|c}} (2025)<ref name="BalSheet"/>
| ratio           = 14.16%<ref name="BalSheet"/>
| assets = {{Increase}} {{INRConvert|17936|c}} ( 2025)<ref name="BalSheet"/>
| location         = [[Thrissur]], [[Kerala]], India
| equity =  
| homepage         = {{url|https://www.dhanbank.com}}
| num_employees = 1,756 (March 2025)<ref name="BalSheet"/>
| ratio = 16.12%<ref name="BalSheet"/>
| location = [[Thrissur]], [[Kerala]], India
| homepage = {{url|https://www.dhan.bank.in}}
}}
}}


'''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]].


==History==
==History==
Dhanlaxmi Bank Ltd was incorporated on 14 November 1927 as Dhanalakshmi Bank at [[Thrissur]] with a capital of {{INR|11000}} and seven employees. It became a [[Scheduled Banks (India)|Scheduled Commercial Bank]] in the year 1977.
Dhanlaxmi Bank Ltd was incorporated on 14 November 1927 as Dhanalakshmi Bank at [[Thrissur]] with a capital of {{INR|11000}} and seven employees. It became a [[Scheduled Banks (India)|Scheduled Commercial Bank]] in the year 1977.


==Business overview==
The bank 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>
* 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.
* 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%.
* 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.
* 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 to Total deposits as on 31 March 2021 has increased to 33.37%.
* Gross Advances reached {{INR|7,122 crores}} as on 31 March 2021 from {{INR|6,799 crores}} registering growth of 4.75%.
* Retail advance grew by 19.91% to reach {{INR|3,608 crores}} as on 31 March 2021.
* 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 {{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%.
* CRAR improved to 14.47% in FY 2020-21 against 14.41% during the Previous Year 2019–20.
* Book Value of the Shares stands at {{INR|34.15}} as on 31 March 2021.


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.
In 2020, shareholders voted to remove CEO Sunil Gurbaxani at the bank's [[annual general meeting]], owing to governance issues at the bank.<ref>{{cite news |title=After LVB, Dhanlaxmi Bank shareholders oust chief executive Sunil Gurbaxani |url=https://www.business-standard.com/article/companies/after-lvb-dhanlaxmi-bank-shareholders-oust-chief-executive-sunil-gurbaxani-120100100016_1.html |access-date=4 July 2023 |work=Business Standard |date=1 October 2020}}</ref>


===Change of name===
In April 2024, the [[Reserve Bank of India]] approved the appointment of Ajith Kumar KK as the managing director and CEO of Dhanlaxmi Bank for three years. Kumar will succeed incumbent CEO & MD J.K. Shivan.<ref>{{cite news |title=Dhanlaxmi Bank gets RBI approval for Ajith Kumar KK as MD and CEO|url=https://www.moneycontrol.com/news/business/dhanalxmi-bank-gets-rbi-approval-for-ajith-kumar-kk-as-md-and-ceo-12672081.html |access-date=19 April 2024 |work=Moneycontrol |date=19 April 2024}}</ref>
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>
 
==Operations==
 
Dhanlaxmi Bank has deployed a 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. Reserve Bank of India empanelled the Bank as agency Bank for Government agency Business.{{Citation needed|date=September 2025}} In 2022, Dhanlaxmi Bank introduced Customs duty collection services through digital services and Goods and Services Tax(GST) collection through online and over the counter methods.<ref>{{Cite news |date=2022-04-21 |title=Dhanlaxmi Bank signs MoU with CBDT and CBIC for tax collection |url=https://timesofindia.indiatimes.com/dhanlaxmi-bank-signs-mou-with-cbdt-and-cbic-for-tax-collection/articleshow/90980395.cms |access-date=2025-09-17 |work=The Times of India |issn=0971-8257}}</ref>


===Partnerships===
===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.
The bank is a depository participant of NSDL (National Security Depository Limited) offering Demat services through select branches. It has partnered with AGS Infotech for the 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===
===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 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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* [[Reserve Bank of India]]
* [[Reserve Bank of India]]
* [[Indian Financial System Code]]
* [[Indian Financial System Code]]
* [[List of largest banks]]
* [[List of companies of India]]
* [[Make in India]]
* [[Kerala Bank]]
* [[Kerala Bank]]


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==External links==
==External links==
* {{official website|https://www.dhanbank.com/}}
* {{official website|https://www.dhan.bank.in/}}


{{Thrissur topics}}
{{Thrissur topics}}

Latest revision as of 21:45, 24 October 2025


Dhanlaxmi Bank
Traded asBSE: 532180
NSE: DHANBANK
IndustryBanking
Financial services
Founded14 November 1927; 98 years ago (1927-11-14)
HeadquartersThrissur, Kerala, India
Key people
  • Ajith Kumar K K
    (CEO & MD)
Products
RevenueIncrease ₹1,489 crore (US$210 million) (2025)[1]
Increase ₹66.64 crore (US$9.3 million) (2025)[1]
Total assetsIncrease ₹17,936 crore (US$2.5 billion) ( 2025)[1]
Number of employees
1,756 (March 2025)[1]
Capital ratio class39 = tel16.12%[1]
Websitewww.dhan.bank.in

Dhanlaxmi Bank Ltd is an Indian private sector bank headquartered in Thrissur, Kerala.

History[edit | edit source]

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.

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

In 2020, shareholders voted to remove CEO Sunil Gurbaxani at the bank's annual general meeting, owing to governance issues at the bank.[3]

In April 2024, the Reserve Bank of India approved the appointment of Ajith Kumar KK as the managing director and CEO of Dhanlaxmi Bank for three years. Kumar will succeed incumbent CEO & MD J.K. Shivan.[4]

Operations[edit | edit source]

Dhanlaxmi Bank has deployed a 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. Reserve Bank of India empanelled the Bank as agency Bank for Government agency Business.[citation needed] In 2022, Dhanlaxmi Bank introduced Customs duty collection services through digital services and Goods and Services Tax(GST) collection through online and over the counter methods.[5]

Partnerships[edit | edit source]

The bank is a depository participant of NSDL (National Security Depository Limited) offering Demat services through select branches. It has partnered with AGS Infotech for the 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 | edit source]

In March 2010, the bank launched Dhanlaxmi Bank Platinum Credit cards.[6]

See also[edit | edit source]

References[edit | edit source]

  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. ↑ "After LVB, Dhanlaxmi Bank shareholders oust chief executive Sunil Gurbaxani". Business Standard. 1 October 2020. Retrieved 4 July 2023.
  4. ↑ "Dhanlaxmi Bank gets RBI approval for Ajith Kumar KK as MD and CEO". Moneycontrol. 19 April 2024. Retrieved 19 April 2024.
  5. ↑ "Dhanlaxmi Bank signs MoU with CBDT and CBIC for tax collection". The Times of India. 21 April 2022. ISSN 0971-8257. Retrieved 17 September 2025.
  6. ↑ "Dhanlaxmi Bank launches credit cards". Business Standard. Retrieved 28 March 2010.

External links[edit | edit source]

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