Dhanlaxmi Bank

Dhanlaxmi Bank Ltd is an Indian private sector bank headquartered in Thrissur, Kerala. The bank has 255 branches and 274 ATMs/CDMs spread over the states of Kerala, Tamil Nadu, Karnataka, Andhra Pradesh, Telangana, Maharashtra, Gujarat, Delhi, West Bengal, Madhya Pradesh, Punjab, Uttar Pradesh, Rajasthan, Chandigarh, and Haryana.

Dhanlaxmi Bank
TypePublic
BSE: 532180
NSE: DHANBANK
IndustryBanking
Financial services
Founded14 November 1927 (1927-11-14)
HeadquartersThrissur, Kerala, India
Key people
Products
RevenueIncrease ₹1,146 crore (US$140 million) (2023)[1]
Increase ₹49.36 crore (US$6.2 million) (2023)[1]
Total assetsIncrease ₹15,132 crore (US$1.9 billion) ( 2023)[1]
Number of employees
1,767 (March 2023)[1]
Capital ratio12.32%[1]
Websitewww.dhanbank.com

History

Dhanlaxmi Bank Ltd was incorporated on 14 November 1927 as Dhanalakshmi Bank at Thrissur with a capital of ₹11,000 and seven employees. It became a Scheduled Commercial Bank in the year 1977.

The bank changed its name from Dhanalakshmi Bank to Dhanlaxmi Bank on 10 August 2010.[2]

In 2020, shareholders voted to remove CEO Sunil Gurbaxani at the bank's annual general meeting, owing to governance issues at the bank.[3]

Operations

Dhanlaxmi Bank has deployed 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 data centre in Bangalore, to keep the networked system operational round the clock.

Partnerships

The bank is a depository participant of NSDL (National Security Depository Limited) offering Demat services through select branches. It has partnered AGS Infotech for installation of ATMs. It offers VISA & Rupay-branded debit cards and VISA branched credit cards to customers. It is also offering insurance services through Bajaj Allianz Life Insurance and CANARA HSBC OBC LIFE company as their Bancassurance life insurance channel partner and Bajaj Allianz General Insurance as General Insurance Channel Partner.

Credit cards

In March 2010, the bank launched Dhanlaxmi Bank Platinum Credit cards.[4]

See also

References
  1. "Balance Sheet 31.03.2017". dhanbank.com (15 March 2018).
  2. "Dhanalakshmi Bank gets RoC nod for name change". Business Standard India. Press Trust of India. 14 August 2010.
  3. "After LVB, Dhanlaxmi Bank shareholders oust chief executive Sunil Gurbaxani". Business Standard. 1 October 2020. Retrieved 4 July 2023.
  4. "Dhanlaxmi Bank launches credit cards". Business Standard. Retrieved 28 March 2010.
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