Dhanlaxmi Bank

In Q2, total business stood at ₹30,147 crore, as compared to ₹25,650 crore a year ago

The private bank reported a profit of ₹12.18 crore during the quarter ending June 30, 2025, as against ₹8 crore loss recorded in the corresponding quarter of FY25.

At 01:40 PM, Dhanlaxmi Bank shares were trading at ₹30.72, up by 2.57 per cent on the National Stock Exchange

The right issue price set by the board stands at Rs 21 per rights share. The record date for the issue is set as Friday, December 27, 2024

Dhanlaxmi Bank on Monday reported a loss of Rs 8 crore for the first quarter of the current financial year. Against this, the bank had earned a net profit of Rs 28 crore in the April-June quarter of FY24. The bank's total income declined to Rs 338 crore in the first quarter as against Rs 341 crore in the same period a year ago, Dhanlaxmi Bank said in a regulatory filing. During the quarter the bank earned interest income of Rs 306 crore as against Rs 289 crore in the same period a year ago. The bank's gross non-performing assets (NPA) of the total advances declined to 4.04 per cent in the first quarter from 5.21 per cent at June-end last year. However, net NPAs rose to 1.26 per cent in June 2024 against 1.09 per cent same period a year ago.

Private sector Dhanlaxmi Bank on Tuesday said it has appointed Ajith Kumar KK as Managing Director (MD) of the bank. He will take charge on June 20, Kerala-based Dhanlaxmi Bank said in a regulatory filing. The board at its meeting held on Tuesday approved the appointment of Ajith Kumar KK as Managing Director & CEO of the bank for a period of three years with effect from June 20, 2024, and on such remuneration as approved by RBI vide letter dated April 18, it said. The bank will seek approval of the shareholders for the said appointment within the prescribed time period in accordance with the applicable provisions of the Companies Act, 2013 and SEBI regulations, it said. He is a seasoned banker with over 36 years of experience with the Federal Bank in various facets of banking including Credit, Human Resources, Business, Branch Banking etc. He is presently the Chief Human Resources Officer at Federal Bank in the cadre of president, it said.

Ajith Kumar K.K. will be fifth chief executive of Dhanlaxmi Bank in 9 years

Dhanlaxmi further said that the board has already approved a panel of candidates for the chief executive officer position and has sought the regulator's approval

The Reserve Bank on Friday said it has imposed penalties totalling Rs 2.49 crore on three banks, including Dhanlaxmi Bank and Punjab and Sind Bank, for contravention of regulatory norms. A penalty of Rs 1.20 crore has been slapped on Dhanlaxmi Bank for non-compliance with certain directions on 'Loans and Advances Statutory and Other Restrictions', KYC and certain norms related to interest rate on deposits, the Reserve Bank of India (RBI) said. Further, a fine of Rs 1 crore has been imposed on Punjab and Sind Bank for non-compliance with certain directions on 'Loans and Advances Statutory and Other Restrictions'. The central bank has also imposed a penalty of Rs 29.55 lakh on ESAF Small Finance Bank for non-compliance with the directions issued by it on 'Customer Service in Banks'. The penalties are based on the deficiencies in regulatory compliance and are not intended to pronounce upon the validity of any transaction or agreement entered into by the lenders with their customers,

The search-cum-selection committee, constituted by the board at its meeting held on Wednesday, will identify and evaluate suitable candidates for the position

The pace of loan growth for these lenders was higher than the 15.1 per cent Y-o-Y growth in advances of the banking system until 8 September 2023, according to Reserve Bank of India's data

Madhusoodanan has been an independent director with the bank since 2022

Is Kalyanasundaram a whistleblower? Dhanlaxmi insiders are not too perturbed by his exit and say it is business as usual at the bank. That said, Dhanlaxmi has been in a prolonged patch of bad news

Closing Bell on Monday, September 18: The S&P BSE Sensex fell 242 points to 67,597 levels, while the Nifty50 ended below the 20,150-mark at 20,133, lower by 59 points

This comes after Ravindran Pillai, head of R P Group, came out with a special notice for the removal of Kalyanasundaram by passing a resolution at its 96th AGM to be held on 30 September

Private sector Dhanlaxmi Bank on Monday recorded a net profit of Rs 28.30 crore in the April-June quarter, mainly due to a decline in bad loans. The lender had posted a net of Rs 26.43 crore in the year-ago period. The total income in the first quarter of the current fiscal rose to Rs 5,857 crore against Rs 3,797 crore, UCO Bank said in a regulatory filing. The lender's interest income also increased to Rs 341.40 crore from Rs 236.82 crore in the same quarter a year ago. On the asset quality side, the bank witnessed improvement with the gross non-performing assets (NPAs) easing to 5.21 per cent of the gross advances by June 2023 from 6.35 per cent a year ago. The net NPA too declined to 1.09 per cent against 2.69 per cent in the year-ago period. However, provisions for bad loans increased to Rs 27.64 crore as compared to Rs 21.41 crore in FY23. Provision Coverage Ratio of the bank stood at 90.79 per cent as of June 2023. The capital adequacy ratio of the bank improved to 12.57

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For the whole of FY23, the bank's net profit was up 37% to Rs 49.36 crore

The bank's total business grew 11.26 per cent to Rs 23,194 crore as on March 2023

The bank management and shareholders have reached compromise formulae on the issue of appointing the latter's representatives as directors on the bank's board