About Us

A journey that started with a belief to Bank Different

A journey that started with a belief to Bank Different

Dhanlaxmi Bank Ltd. was incorporated in 1927 at Thrissur, Kerala by a group of ambitious and enterprising entrepreneurs. Over the 96 years that followed, Dhanlaxmi Bank with its rich heritage has earned the trust and goodwill of clients. It is due to our strong belief in the need to seek innovation, deliver best service and demonstrate responsibility, that we have grown from strength to strength. Be it in the number of customers, the scale of business, the breadth of our product offerings, the banking experience we offer or the trust that people invest in us. With 560 touch points across India at your service; our focus has always been on customizing services and personalizing relations.

 

Mission

Mission

To Become a Strong and Innovative Bank with Integrity and Social Responsibility to Maximize Customer Satisfaction as well as that of the Employees, Shareholders and the Society.

Vision

Vision

Banking on Relationships forever.

261

261Branches

282

282ATM

Achievements

  • Recorded Net profit of Rs.49.36 Crore for the Financial Year ended 31st March 2023 against net profit of Rs 35.90 Crore for the period ended 31st March 2022.
  • Total business reached to Rs.23,206 Crore as on March 31, 2023, from Rs.20,847 Crore as on March 31, 2022, registering growth of 11.32%.
  • Deposits recorded a Y-o-Y growth of 7.65% to reach Rs.13352 Crore as on March 31, 2023 from Rs.12403 Crore as on March 31, 2022.
  • As of March 31, 2023, the CASA share of the Bank stood at 31.91% of total deposits.
  • Gross Advance recorded Y-o-Y growth of 16.70% to reach Rs.9854 Crore as on March 31, 2023 from Rs.8444 Crore as on March 31, 2022.
  • Gold loan portfolio registered Y-o-Y growth of  23.39%  to reach Rs.2274 Crore as on March 31, 2023 from Rs.1843 Crore as on March 31, 2022.
  • CD Ratio improved to 73.80% from 68.08% on Y-o-Y basis
  • Recorded Operating Profit of  Rs.123.20 Crore. for the financial year ended 31st March, 2023.
  • Annual Net Interest Income increased from Rs.362.31 Crore to Rs.475.76 Crore registering growth of 31.31% and Net Interest Margin improved from 3.00% to 3.60%
  • Total Income of the Bank increased by Rs.60 Crore, from Rs1085.75 Crore to Rs.1145.75 Crore, registering growth of 5.53%.
  • Gross NPA coming down by 113 bps and Net NPA coming down by 169 bps on a Y-o-Y basis to 5.19% and 1.16% respectively.
  • Provision Coverage Ratio improved from 80.64% to 90.61%.
  • Book Value of shares improved from Rs.35.57 to Rs.37.99 on Y-o-Y basis and Earnings Per Share for FY 2022-23 was Rs.1.95.
  • Return on Assets and Return on Equity for the FY 2022-23 was 0.34% and 5.14% respectively.
  • As on March 31, 2023, Bank’s overall Capital Adequacy stood at 12.32%.

Affiliations

Foreign Correspondent Banks

  • The Bank of  NewYork Mellon (New York) - Canadian Dollars(CAD)
  • The Bank of  NewYork Mellon (Frankfurt) - Currency -Euro (EUR)
  • The Bank of  NewYork Mellon (London) - Currency - Pound Sterling(GBP)
  • The Bank of New York Mellon (New York) - Currency - Us Dollars(USD)
  • DBS Bank Limited - Currency Singapore Dollars (SGD)
  • Mashreq Bank - Currency -UAE Dirhams (AED)

Insurance Partner

  • Bajaj Allianz Life Insurance Company Limited Co. Ltd.
  • Bajaj Allianz General Insurance Company Limited Co. Ltd.
  • Canara HSBC Oriental Bank Of Commerce Life Insurance
  • Company Limited (CHOICe)
  • SBI General Insurance Co. Ltd
  • SMC Global Securities Limited

Milestones