Dhanlaxmi Bank Ltd News
Dhanlaxmi Bank Q1 results: Total income down at Rs 338 cr, loss at Rs 8 cr
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.
 "Dhanlaxmi Bank Q1 results: Total income down at Rs 338 cr, loss at Rs 8 cr")
Dhanlaxmi Bank appoints Ajith Kumar KK as MD & CEO for 3-year tenure
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.
 "Dhanlaxmi Bank appoints Ajith Kumar KK as MD & CEO for 3-year tenure")
