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Dhanlaxmi Bank (edit)

Revision as of 10:47, 14 June 2022

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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          = {{Decrease}}{{INRConvert|1072|c}} (2021)<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      = {{Decrease}} {{INRConvert|37.19|c}} (2021)<ref name="BalSheet"/>
| net_income      = {{Decrease}} {{INRConvert|35.90|c}} (2021)<ref name="BalSheet"/>
| assets          = {{Increase}}{{INRConvert|13096|c}} ( 2021)<ref name="BalSheet"/>
| assets          = {{Increase}}{{INRConvert|13796|c}} ( 2021)<ref name="BalSheet"/>
| equity          =  
| equity          =  
| num_employees    = 1,656 (March 2021)<ref name="BalSheet"/>
| num_employees    = 1,723 (March 2022)<ref name="BalSheet"/>
| ratio            = 14.47%<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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