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Dhanlaxmi Bank Ltd.

BSE: 532180 Sector: Financials
NSE: DHANBANK ISIN Code: INE680A01011
BSE 00:00 | 12 Aug 11.94 0.04
(0.34%)
OPEN

12.19

HIGH

12.19

LOW

11.90

NSE 00:00 | 12 Aug 11.90 0
(0.00%)
OPEN

12.00

HIGH

12.05

LOW

11.80

OPEN 12.19
PREVIOUS CLOSE 11.90
VOLUME 14750
52-Week high 18.10
52-Week low 10.50
P/E 108.55
Mkt Cap.(Rs cr) 302
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 12.19
CLOSE 11.90
VOLUME 14750
52-Week high 18.10
52-Week low 10.50
P/E 108.55
Mkt Cap.(Rs cr) 302
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Dhanlaxmi Bank Ltd. (DHANBANK) - Chairman Speech

Company chairman speech

Dear Shareholders

FY 2021 has been indeed a challenging year and the pandemic has upset all plans andre-defined the way we work and live.

The Government of India and the regulator RBI with their timely policies andguidelines have been supportive and brought out innovative measures to address theeconomic disruptions created by the pandemic. The entire public and private banking systemwent through numerous changes to adapt and serve the changing needs of the people withcontactless payments encouraging online e-commerce and digitisation of sales and servicesduring these testing times.

The Indian financial system and capital markets have displayed remarkable resilience.Kudos must go to the regulators who have consistently been responsive to the needs of theeconomy. The regulators took feedback from the ground level and have taken measured stepsin a consensual manner. The support announced by RBI stood at RS.15.7 trillion which isequivalent to 8% of GDP. Securities and Exchange Board of India (SEBI) has been working ata frenetic pace with the single objective of ensuring normalcy of all market operationsthroughout the pandemic. As a result Indian companies raised a record equity capital ofRs.1.9 trillion in FY21. The Government announced direct benefit transfers to vulnerableeconomic segments and credit guarantee schemes for micro small and medium enterprises.

Your Bank gave utmost priority to employee safety and well-being and provided a safeand healthy work environment. The Bank acted rapidly to establish remote working solutionsand putting in place measures to enable smooth functioning from any location. I thank theregulators for their continued support and guidance in the Board. I thank the shareholdersfor being proactive and agreeing to resolutions to increase our equity capitalconfirmation of newly inducted independent directors and for giving an overwhelmingpositive vote for the MD&CEO.

Despite the challenging environment our Bank's financial position remained strong andcontinued to make progress on strategic objectives. The Bank continued to strengthen thedeposit and loan position during FY 2020-21. The employees demonstrated immenseprofessionalism and dedication towards the successful navigation of these challenges. Onbehalf of the Board I would like to thank all employees for their dedication and responseduring this difficult period and upholding the Bank's vision "Banking onrelationships". I take this opportunity to congratulate the Management and staff onmoving to the new Corporate Office Building at Punkunnam Thrissur during April 2021.

With best wishes G. Subramonia Iyer

.