Dhanlaxmi Bank

About Dhanlaxmi Bank

Dhanlaxmi Bank Ltd. was incorporated in 1927 at Thrissur, Kerala by a group of ambitious and enterprising entrepreneurs.Over the 93 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 531 touch points across India at your service; our focus has always been on customizing services and personalizing relations.

Vision & Mission

Vision : Banking on Relationships forever.

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

Achievements, Affiliations and Milestones

Achievements

Bank has recorded net profit of Rs.65.78 Crore for the financial year ended 31.03.2020 compared to net profit of Rs. 11.67 Crore during the same period of last financial year. This is the highest Net profit, Bank recorded since its inception, in 1927.
Serviced business worth Rs. 17703 Crore as on 31 March 2020, comprising deposits of Rs. 10904 Crore and advances of Rs. 6799 Crore.
The bank recorded an annual operating profit of Rs. 161.97 Crore as on 31st March 2020 against Rs.94.93 Crore as on 31st March 2019, registering a growth of 70.62%.
Bank achieved a Total Deposits growth of 2.84% and Advance growth of 2.45% during the FY 2019-20. Retail Deposits of the Bank grown by 6.65% during the FY 2019-20.
Total Income of the bank registered a growth of 7.44% on Y-o-Y basis
Net interest Income increased from Rs.346.77 Crore to Rs. 373.18 Crore , recorded growth of 7.62% on Y-o-Y basis.
Asset quality improved significantly with gross NPA coming down to 5.90% from 7.47% and Net NPA coming down to 1.55% from 2.41% on Y-oY basis
Provision Coverage Ratio improved to 89.87% from 84.72% on Y-o-Y basis
Yield on Advance improved from 10.57% to 10.91% on YoY basis
Net Interest margin improved from 3.00% to 3.21% on YoY basis.
CRAR improved to 14.41% in FY 2019-20 against 13.75% during the Previous Year 2018-19
Return on Assets improved from 0.10% to 0.55% on Y-o-Y basis
Earnings Per Share improved from 0.46% to 2.60% on Y-o-Y basis
Book Value of the Shares stands at Rs.32.68 as on 31.03.2020.

Affiliations

Foreign Correspondent Banks

The Bank of New York Mellon Toronto Branch
Zurcher Kantonal Bank
The Bank of New York Mellon
DBS Ban Limited
Mashreq Bank

Insurance Partner

Bajaj Allianz Life Insurance Company Limited Co. Ltd.
Bajaj Allianz General Insurance Company Limited Co. Ltd.

Milestones

1927 - Founded on 14 November, 1927, at Thrissur, Kerala

1975 - Set up the first branch outside the home state of Kerala, at Chennai Mount Road

1977 - Designated as Scheduled Commercial Bank by the Reserve Bank of India (RBI)

1980 - 100-strong branch network

1986 - Total business of Rs. 100 crores

1996 - First public issue. Total business of Rs. 1,000 crores

2000 - Installed the first ATM

2002 - First Rights Issue

2002 - Platinum Jubilee year

2007 - Total business of Rs. 5,000 crores. 80th Anniversary year

2008 - Total business of Rs. 7,500 crores. Second Rights Issue

2009 - Opened 45 new branches and 102 new ATMs

2010 - Raised Rs. 381 crores through QIP in July 2010, Opened 20 new branches and 280 new ATMs, launched new brand identity; created platform for a unified image

2011-Launched IMPS (Immediate Payment System)

2014-Launched Missed Call Services through Phone Banking for the benefit of customers

2014-Introduced Three New Savings Bank products namely Dhanam Yuvak, Dhanam Vanitha and Dhanam Genius Account.

2015-Achieved “High Rating” from BCSBI in the “BCSBI Code Compliance Rating”

2015-Launched “Dhan Smart” – A Smart Mobile Application for the convenience of our customers

2016-Introduced Immediate Payment System (IMPS) in Retail Internet Banking

2016-Commenced Navathi Celebrations of Bank

2017-Launched Bharath Bill Payment System

2020– Highest ever profit of Rs.65.78Crore, Consistent profit for Last seven Quarters

Registered & Corporate Office

Dhanlaxmi Bank Ltd
Dhanalakshmi Buildings
Naickanal, Thrissur - 680 001
Kerala.
Phone : 91-487-6617000
Fax : 91-487-2335368

Site best viewed in Mozilla Firefox 15+, Chrome 15+, IE 8+ and Safari 5.0+ at 1024 x 768 pixels resolution.

Internet Banking