| Type | Private BSE & NSE |
|---|---|
| Founded | 1927 |
| Headquarters | Dhanalakshmi Bank Ltd, Dhanalakshmi Buildings, Naickanal Thrissur, Kerala, India |
| Key people | GN Bajpai, Amitabh Chaturvedi |
| Industry | Banking Insurance Capital markets |
| Products | Loans, Savings, Investment vehicles, Insurance etc. |
| Website | [1] |
Dhanalakshmi Bank Ltd (BSE: 532180, NSE: DHANBANK) is an old private sector bank headquartered in Thrissur city, Kerala, the "Cultural Capital of Kerala". It is headed by Amitabh Chaturvedi, Managing Director and CEO of the bank. The bank is focusing mostly on Southern states like Karnataka, Tamil Nadu, Andhra Pradesh and Kerala.
Contents |
History
Dhanalakshmi Bank Ltd was incorporated on 14th November 1927 by a group of enterprising entrepreneurs at Thrissur city, the "Cultural Capital of Kerala" with a capital of Rs 11,000 and 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.
Business Overview
The Dhanalakshmi Bank serviced a business of Rs 8,212 crore as on 31.03.2009 comprising deposits of Rs 4,969 crore and advances of Rs 3,243 crore. The bank made a net profit of Rs 57.45 crore for the year ended 31st March 2009. The Capital Adequacy Ratio of the Bank as on 31.03.2009 was 14.44% (Basel I) and 15.38% (Basel II) and its networth exceeded Rs 400 crore as on that date. The bank’s business growth rates during the year 2008-09 far exceeded that of the banking industry.
The Dhanalakshmi Bank 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 at all its branches for extending anywhere/anytime/anyhow banking to its clientele through multiple delivery channels. The bank has set-up a state-of-the-art Data Centre in Bangalore, to keep the networked system operational round the clock. A Disaster Recovery Centre is also operational at Thrissur for meeting various contingencies.
Partnerships
The Dhanalakshmi Bank has a agreement with Bajaj Alliance Insurance Company Ltd, as their corporate agent. The bank is also a depository participant of NSDL (National Security Depository Limited) offering Demat services through select branches.
References
- http://economictimes.indiatimes.com/Personal-Finance/Loan-Centre/Home-Loans/Home-Loans-News/Dhanalakshmi-Bank-launches-spl-home-loan-product-for-employees/articleshow/4584755.cms
- http://www.thehindubusinessline.com/2009/03/19/stories/2009031951680600.htm
- http://www.agricultureinformation.com/mag/?p=5166
- http://www.hindu.com/2009/03/20/stories/2009032056421700.htm
- http://www.indianexpress.com/news/dhanalakshmi-bank-to-hire-1300-employees/453008/
- http://www.livemint.com/2009/05/27152542/Dhanalakshmi-Bank-launches-spe.html
External links
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