Dhanlaxmi Bank: Difference between revisions

What links here Related changes Page information Get shortened URL
Created by 98.230.196.188
Last edited October 24, 2025
← Older edit
VisualWikitext
m Removed empty portal template using script
No edit summary
 
Line 7: Line 7:
{{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 = File:Dhana_lakshmi_bank.jpg
| image =  
| image_size =  
| image_size =  
| image_alt = Dhanlaxmi Bank New Head office
| image_alt = Dhanlaxmi Bank New Head office
| image_caption = 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]])|<br />()}}
| key_people = {{Unbulleted_list|Ajith Kumar K K <br />([[Chief executive officer|CEO]] & [[Managing director|MD]])}}
| 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]]|[[Govt Banking]]|[[Investment banking]]}}
| 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>
| 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>
| net_income       = {{Decrease}} {{INRConvert|35.90|c}} (2021)<ref name="BalSheet"/>
| net_income = {{Increase}} {{INRConvert|66.64|c}} (2025)<ref name="BalSheet"/>
| assets           = {{Increase}}{{INRConvert|13796|c}} ( 2021)<ref name="BalSheet"/>
| assets = {{Increase}} {{INRConvert|17936|c}} ( 2025)<ref name="BalSheet"/>
| equity           =  
| equity =  
| num_employees   = 1,723 (March 2022)<ref name="BalSheet"/>
| num_employees = 1,756 (March 2025)<ref name="BalSheet"/>
| ratio           = 12.98%<ref name="BalSheet"/>
| ratio = 16.12%<ref name="BalSheet"/>
| location         = [[Thrissur]], [[Kerala]], India
| location = [[Thrissur]], [[Kerala]], India
| homepage         = {{url|https://www.dhanbank.com}}
| 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 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]].
'''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>
• 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%


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>


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 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>


===Change of name===
==Operations==
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>
 
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 news
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
Line 69: Line 55:


==See also==
==See also==
 
{{Portal|Banks}}
* [[Banking in India]]
* [[Banking in India]]
* [[List of banks in India]]
* [[List of banks in India]]
* [[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]]


Line 83: Line 66:


==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]

Retrieved from "https://en.bharatpedia.org/w/index.php?title=Dhanlaxmi_Bank&oldid=470937"
Discover more