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Dhanlaxmi Bank Ltd

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NSEBSE

28.90-0.10 (-0.34%)

03:59 PM,22nd Sep 2023

28.80-0.22 (-0.76%)

04:01 PM,22nd Sep 2023

BSE : 532180

NSE : DHANBANK

Sector : Financials

ISIN Code : INE680A01011

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Last Updated: Sep 22 2023 | 04:01 PM IST

Market Cap (₹ Cr)

731

Turnover (₹ Cr)

1.78

Volume (Shares)

6157344

Face Value

10

52-WK High

33.80

52-WK High Date

18 Sep 2023

52-WK Low

11.35

52-WK Low Date

21 Oct 2022

All Time High

212.20

All Time High Date

28 Oct 2010

All Time Low

7.15

All Time Low Date

26 Mar 2020

Dhanlaxmi Bank Ltd

Dhanalakshmi Bank was incorporated on 14th November 1927 by a group of enterprising entrepreneurs at Thrissur the cultural capital of Kerala with a Capital of Rs.11000/- and had only 7 employees. It became a Scheduled Commercial Bank in the year 1977. It has today attained national stature with 181 branches and 26 Extension Counters spread over the States of Kerala Tamil Nadu Karnataka Andhra Pradesh Maharashtra Gujarat Delhi and West Bengal. The Bank serviced a business of Rs. 4223 crores as on 31.03.06 comprising deposits of Rs.2533 crores and advances of Rs.1690 crores. As at the end of March 2006 the Capital Adequacy Ratio of the Bank was 9.75% well above the mandatory requirement of 9%. The Bank made a net profit of Rs.9.51 crores for the year ended 31st March 2006. Between 1927 to 1937 its services were localised in Thrissur. In 1937 it extended its service to Ernakulam and Palghat by opening branches there.By 1947 DBL's deposits generated stood at Rs 31 lac. In 1962 it took over three banks -- Lakshmi Prasad Bank Radhakrishna Bank and Parli Bank. Subsequently it further expanded its network throughout Kerala and then in Tamilnadu Andhra Pradesh and Karnataka in 1978. With this DBL's operations covered the entire southern India apart from its strong presence in Kerala.The period covering 1985-90 saw the bank opening up its first branch outside southern India in Bombay. It started dealing in other segments of banking such as bills discounting letter of credit etc. Two prominent religious trusts -- Sabarimala and Guruvayoor Devasom Board are among its host of clients. In 1993 the bank obtained restricted foreign exchange licence to maintain rupee accounts of non-residents. DBL also ventured into new areas such as consumer banking corporate banking and merchant banking.In Mar.'96 DBL came out with a public issue of 80 lac equity shares of Rs 10 each for cash at a premium of Rs 40 per share aggregating Rs 40 cr to strengthen the capital base for meeting statutory capital adequacy norms and to obtain the listing of shares on the stock exchanges. There was a restructure of the capital of the bank during 2000-01 by conversion of partly paid shares to fully paid shares on a pro-rata basis.This has resulted in the reduction of subscribed and paid up capital of the bank from Rs.14.66 crores to Rs.13.74 crores. The reduction of Rs.0.92 crores representing premium was transferred to Share Premium Account.To Comply with the stipulation of RBI to increase the networth to a minimum of Rs.100 croresDBL went for a Right Issue of capital to the tune of Rs.274750500 (18316700 equity shares of Rs.10/- at a premium of Rs.5). The ratio for the rights issue were 4 equity shares for every 3 shares held and the issue were oversubscribed.The Bank is techno savvy and has deployed technology widely as an instrument for enhancing the quality of customer service. It has introduced Centralised Banking Solution (CBS) on the Flexcube Platform for extending Anywhere/Anytime banking to its clientele through multiple delivery channels. The Bank has deployed CBS in 150 branches covering nearly 95% of total business. The Bank has set-up a state-of-the-art DATA CENTRE in Bangalore to keep the networked system operational 24 hours a day and 7 days a week. The Bank lays stress on customizing services and personalizing relations. It has introduced in November 2005 an International Debit Card with tie-up with M/s Visa International. In another customer-friendly move the Bank has joined CASHNET the first independent nation-wide shared ATM network in India and the National Financial Switch (ATM network) of the IDRBT promoted by Reserve Bank of India. By joining Cashnet and NFS our customers have been provided access to more than 14000 ATMs in the country. The Bank has installed 63 networked ATMs thus far at centres of high banking activity. The Bank has introduced tele-banking in 50 branches and Internet banking in 84 branches. It has also put in place a Cash Management System (CMS) that provides speedier cheque collection through 59 branches. The Bank has put in place Real Time Gross Settlement (RTGS) System to facilitate large value inter-bank payments and settlements in real time on-line mode on a transaction-by-transaction basis. It is in the process of extending RTGS to customer transactions. The Bank has ventured into both life and non-life insurance. It is selling life insurance products of M/s. MetLife India a renowned global player in this segment and non-life insurance products of M/s. Iffco Tokio as their corporate agent. The Bank is also a depository participant of NSDL (National Security Depository Limited) offering Demat services through selected branches. With a view to making available value-added services to the NRIs the Bank has set up NRI Boutiques (Relationship Centres) at 8 locations in the State of Kerala. The Bank has also plans to open specialized NRI branches with accent on quality of service and thrust on specialisation at potential locations. As at the end of March 2006 the Bank had rupee drawing arrangements with 7 Exchange Houses in the Middle East. The Bank's Industrial Finance Branch at Kochi and Corporate Office Trichur have been accredited with certification under ISO 9001-2000. On the socio-economic front the Bank is a leading player in dispensation of Micro Credit among Kerala-based Private Sector Banks. As at the end of March 2006 the outstandings under micro credit were Rs.55.63 crores. This involvement is part of the Bank's objective to act as catalysts for the economic prosperity of the country. The Bank has recognized micro finance intervention as an effective tool for poverty alleviation and has streamlined the linkage between the Bank and Self Help Groups through 100 branches. The Priority sector advances of the Bank as at 31st March 2006 constituting 43.84% of net bank credit well above the RBI benchmark of 40%.

Dhanlaxmi Bank Ltd - Key Fundamentals

PARAMETER VALUES
Market Cap (₹ Cr)

731

EPS - TTM (₹) [S]

4.11

P/E Ratio (X) [S]

0.91

Face Value (₹) 10
Latest Dividend (%)5.00
Latest Dividend Date 10 Jun 2011
Dividend Yield (%) -
Book Value Share (₹) [S]31.66
P/B Ratio (₹) [S]0.91
[*C] Consolidated [*S] Standalone

Funds Owing this Stock

Scheme Name Amount Invested ( ₹ Cr ) No Of Shares Net Asset (%)

Research Reports

Date BrokerActionPrices(Rs)Report
Data Not Found

Stock Strength

Today's Low/High

27.90

29.65

Week Low/High

24.25

34.00

Month Low/High

22.35

34.00

Year Low/High

11.35

34.00

All time Low/High

7.35

212.00

Share Price Returns

Period BSENSE SENSEXNIFTY
1 Week-1.20%-1.20%-2.70-2.57%
1 Month21.99%21.68%1.211.43%
3 Month71.51%71.51%4.384.81%
6 Month94.74%95.27%13.6615.00%
1 Year132.69%134.01%11.6511.60%
3 Year133.06%133.06%74.9376.39%

Financials

Graph
Table

Bulk/ Block

ALL
NSE
BSE
ALL
BUY
SELL
DateClient NameExchangeTransactionQuantityPrice
21-09-2023HRTI PRIVATE LIMITEDNSEBUY178140629.54
21-09-2023HRTI PRIVATE LIMITEDNSESELL199922229.66
20-09-2023CITADEL SECURITIES INDIA MARKETS PRIVATE LIMITEDNSEBUY127190530.19
20-09-2023CITADEL SECURITIES INDIA MARKETS PRIVATE LIMITEDNSESELL124609430.01
20-09-2023GRAVITON RESEARCH CAPITAL LLPNSESELL239614130.46
20-09-2023GRAVITON RESEARCH CAPITAL LLPNSEBUY239614130.47
20-09-2023HRTI PRIVATE LIMITEDNSESELL329745330.38
20-09-2023HRTI PRIVATE LIMITEDNSEBUY330893030.24
18-09-2023AAKRAYA RESEARCH LLPNSEBUY131233929.61
18-09-2023AAKRAYA RESEARCH LLPNSESELL131233929.63

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Peer Group Comparison

NamePrice(In Rs)Chg(%)Mkt Cap(Rs Cr)Sales(Rs Cr)Profit(Rs Cr)EPS(Rs)P/E(x)

Shareholding Pattern

Jun 2023
Archive
CategoryShare(%)
Promoter0.00
Financial Institutions Banks0.00
Foreign Institutional Investors10.98
Insurance Companies0.07
Mutual Funds Uti0.00
Other Institutional Investors0.00
Indian Public51.67
Others Non Institutional Investors37.28
Custodians0.00

Corporate Action

Announcement DatePurposeFromToRemarks
Data Not Found

Price History

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DateOpenHighLowCloseSharesTrades
Data Not Found

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Company Info

Company Information

Director : C K Gopinathan

Company Sec. & Compli. Officer : Venkatesh H

Independent Director : G Rajagopalan Nair

Managing Director & CEO : Shivan J K

Independent Director : K.N Madhusoodanan

Independent Director : Sreesankar Radhakrishnan

Independent Director : Nirmala Padmanabhan

Additional Director : D. K. Kashyap

Independent Director : Ms. Vardhini Kalyanaraman

Registered Office: PB NO 9 Dhanalakshmi Buildings, Naickanal,Thrissur,Kerala-680001 Ph: 91-487-2335177/04/31/90/6617000

Email:investors@dhanbank.co.in/share@dhanbank.co.in

URL:http://www.dhanbank.com