Dhanlaxmi Bank

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Dhanlaxmi Bank Ltd
Type Public company Private sector (BSE532180, NSEDHANBANK)
Industry Banking
Financial services
Founded 1927
Headquarters Dhanlaxmi Bank Ltd,
Dhanalakshmi Buildings, Naickanal
Kerala, India
Key people GN Bajpai, PG Jayakumar
Products Investment Banking
Commercial Banking
Retail Banking
Private Banking
Credit Cards
Website Dhanbank.com

Dhanlaxmi Bank Ltd (BSE532180, NSEDHANBANK) is an old private sector bank headquartered in Thrissur City, Kerala, India. The bank was focusing mostly on Southern states like Karnataka, Tamil Nadu, Andhra Pradesh and Kerala but it is looking for a pan-India presence since the last few years.


Dhanalakshmi Bank Ltd was incorporated on 14 November 1927 at Thrissur city,Kerala with a capital of INR11,000 and 7 employees. It became a Scheduled Commercial Bank in the year 1977. Today it has 275 branches and 404 ATMs spread over the states of Kerala, Tamil Nadu, Karnataka, Andhra Pradesh, Maharashtra, Gujarat, Delhi, West Bengal, Madhya Pradesh, Punjab, Uttar Pradesh, Rajastan, Chandigarh, Goa, and Haryana.

Business Overview[edit]

Headquarters of Dhanalakshmi Bank in Thrissur city

Dhanlaxmi Bank has reported an 11.8 per cent rise in net profit at INR26.06 crores in the 12 months ended 31 March 2011, against INR23.3 crores, a growth of 11.8 per cent. Total income rose to INR1,053.19 crores from INR625.56 crore. The financial year 2011 was a year for consolidation for the Bank. On all parameters, including important ones such as business growth, net interest margin and NPA control, it was a good year. Net interest margin for the year was around 2.7 per cent.The bank's loan-book witnessed a sharp growth largely on account of a greater thrust on the retail segment and diversification across regions, the release said. The bank's total income increased from INR 182.4 crores in the quarter ended 31 March 2010 to INR342.2 crores, recording a growth of 87.6 per cent. Non-interest income rose from INR31.9 to INR46.1 crores as a result of a focused thrust on fee-based business.[citation needed]

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. A disaster recovery centre is also operational at Thrissur for meeting various contingencies.

Change of Name[edit]

The bank has changed its name from Dhanalakshmi Bank to Dhanlaxmi Bank on 10 August 2010[1]


The bank is a depository participant of NSDL (National Security Depository Limited) offering Demat services through select branches. Bank is offering online trading in association with Destimoney securities. It has partnered AGS Infotech for installation of ATMs. It offers VISA-branded debit and credit cards to customers. It is also offering insurance services through Bajaj Allianz Life Insurance company as their Bancassurance partner.

Credit cards[edit]

In March, 2010, the bank launched Dhanlaxmi Bank Platinum and Gold Credit cards.[2]


  1. ^ "Name Change - Dhanlaxmi Bank". 
  2. ^ "Dhanlaxmi Bank launches credit cards". The Business Standard. Retrieved 2010-03-28. 

External links[edit]