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Dhanlaxmi Bank Ltd is an Indian private sector bank headquartered in Thrissur, Kerala. The bank has 261 branches and 282 ATMs/CDMs spread over the states of Kerala, Tamil Nadu, Puducherry,Karnataka, Andhra Pradesh, Telangana, Maharashtra, Gujarat, Delhi, West Bengal, Madhya Pradesh, Punjab, Uttar Pradesh, Rajasthan, Chandigarh, and Haryana.
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 Dhanlaxmi Bank New Head Office | |
| Company type | Public |
|---|---|
| BSE: 532180 NSE: DHANBANK | |
| Industry | Banking Financial services |
| Founded | 14 November 1927 |
| Headquarters | Thrissur, Kerala, India |
Key people | |
| Products | |
| Revenue |  ₹1,146 crore (US$140 million) (2023)[1] |
| ₹49.36 crore (US$6.2 million) (2023)[1] | |
| Total assets | ₹15,132 crore (US$1.9 billion) ( 2023)[1] |
Number of employees | 1,767 (March 2023)[1] |
| Capital ratio | 12.32%[1] |
| Website | www |
History edit
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 edit
Dhanlaxmi Bank has deployed a 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 edit
The bank is a depository participant of NSDL (National Security Depository Limited) offering Demat services through select branches. It has partnered with AGS Infotech for the 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 edit
In March 2010, the bank launched Dhanlaxmi Bank Platinum Credit cards.[4]
See also edit
References edit
- ^ a b c d e "Balance Sheet 31.03.2017". dhanbank.com (15 March 2018).
- ^ "Dhanalakshmi Bank gets RoC nod for name change". Business Standard India. Press Trust of India. 14 August 2010.
- ^ "After LVB, Dhanlaxmi Bank shareholders oust chief executive Sunil Gurbaxani". Business Standard. 1 October 2020. Retrieved 4 July 2023.
- ^ "Dhanlaxmi Bank launches credit cards". Business Standard. Retrieved 28 March 2010.