Live Dhanlaxmi Bank Share Price Chart

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Dhanlaxmi Bank Performance

Days Range

Low: ₹41.05
High: ₹43.90
Previous Close ₹42.10
Open ₹42.00
Volume 11,98,964
Day’s Range ₹41.05 - ₹43.90
52W Range ₹16.35 - ₹59.00
Market Cap ₹1,072.52 Cr

Dhanlaxmi Bank Fundamentals

ROCE (TTM) 1.32
P/E Ratio (TTM) 18.51
P/B Ratio 1.23
Industry P/E 15.12
Debt to Equity NA
ROE 6.65
EPS (TTM) 2.29
Dividend Yield 0
Book Value 34.37
Face Value 10

Dhanlaxmi Bank Financials

Jun 2023Sep 2023Dec 2023Mar 2024
Profit before tax30.326.423.0510.71
Net Profit28.323.163.053.31
EPS in Rs1.120.920.120.13

About Dhanlaxmi Bank

History

Dhanalakshmi Bank, established on 14th November 1927 in Thrissur, Kerala, marked its inception with a modest capital of ₹11,000 and a workforce of merely 7 individuals. Achieving the status of a Scheduled Commercial Bank in 1977, it has evolved into a national entity with 549 touchpoints across Kerala, Tamil Nadu, Karnataka, Andhra Pradesh, Maharashtra, Gujarat, Delhi, and West Bengal.

From 1927 to 1937, the bank primarily operated within Thrissur. It expanded its footprint to Ernakulam and Palghat in 1937. By 1947, Dhanalakshmi Bank’s deposits reached ₹31 lakhs. The year 1962 marked the acquisition of three banks—Lakshmi Prasad Bank, Radhakrishna Bank, and Parli Bank. Subsequently, the bank expanded its presence across Kerala, Tamil Nadu, Andhra Pradesh, and Karnataka in 1978, covering the entirety of southern India.

During 1985-90, the bank ventured beyond southern India, inaugurating its first branch in Bombay. The bank diversified its services into segments like bill discounting and letters of credit. In 1993, it obtained a restricted foreign exchange license to manage rupee accounts for non-residents. Further diversification occurred with forays into consumer, corporate, and merchant banking.

In March 1996, Dhanalakshmi Bank conducted an initial public issue, issuing 80 lakh equity shares at ₹50 per share to fortify its capital base. In 2000-01, a capital restructuring took place by converting partly paid to fully paid shares, reducing subscribed and paid-up capital.

To meet RBI’s stipulation of increasing net worth to a minimum of ₹100 crores, the bank initiated a Right Issue of capital worth ₹274,750,500, which was oversubscribed. The bank is committed to technological innovation and has implemented a Centralised Banking Solution (CBS) on the Flexcube Platform in 150 branches, covering nearly 95% of its total business.

The bank’s customer-centric approach is evident in its initiatives, such as introducing an International Debit Card in collaboration with Visa International and joining CASHNET, India’s first independent nationwide shared ATM network. The bank has also entered the realms of life and non-life insurance, acting as a corporate agent for MetLife India and Iffco Tokio, respectively.

Business Segments 

Dhanlaxmi Bank offers its customers a wide range of products and services through its various business segments. These segments include:

  1. Personal Banking: Dhanlaxmi Bank offers various personal banking products and services, including savings accounts, current accounts, loans, deposits, and investments. The bank also offers a variety of digital banking channels, such as mobile banking and internet banking.
  2. Corporate Banking: Dhanlaxmi Bank offers various corporate banking products and services, including working capital loans, cash management services, trade finance solutions, and foreign exchange services. The bank also provides specialised industry solutions for infrastructure, textiles, and healthcare sectors.
  3. NRI Banking: Dhanlaxmi Bank offers a wide range of NRI banking products and services, including NRE and NRO accounts, foreign currency deposits, and remittance services. The bank also provides personalised financial planning services for NRIs.
  4. Micro & Agri Banking: Dhanlaxmi Bank is committed to financial inclusion and offers various micro and agri banking products and services. The bank provides loans for micro-enterprises, agriculture, and allied activities. The bank also offers other financial services like crop insurance and financial literacy programs.
  5. SME: Dhanlaxmi Bank is committed to supporting small and medium-sized enterprises (SMEs) and offers a wide range of SME banking products and services. The bank provides loans for business expansion, working capital, and equipment finance. The bank also offers other financial services, such as cash management services and trade finance solutions.
  6. Forex & Trade Finance: Dhanlaxmi Bank provides a comprehensive range of foreign exchange and trade finance products and services to cater to the needs of its corporate and institutional customers. The bank offers a variety of foreign exchange products, such as foreign currency loans, foreign currency deposits, and foreign exchange hedging solutions. The bank also offers a variety of trade finance products, such as export credit, import finance, and letter of credit.

Key Personnel 

Shivan J.K., Managing Director and CEO 

Shivan J.K. has been the managing director and CEO of Dhanlaxmi Bank since 2021. With 37 years of experience at the State Bank of India (SBI), held key roles in corporate banking, international operations, and retail advances. He led diverse sectoral teams, addressing stressed accounts in areas like infrastructure, real estate, airlines, telecom, and more. As Chief General Manager of the Stressed Assets Resolution Group, he was crucial in resolving corporate assets. Shivan also served as the CEO of SBI, London, and worked in New York, showcasing his global banking expertise.

Management Outlook

  • Dhanlaxmi Bank’s management focuses on strategic business planning, aligning plans with market dynamics and ensuring proactive budgeting for branches and regions.
  • Given the bank’s successful tie-up with a Fintech partner for automated microfinance processes, the management should emphasise technological innovation strongly. This involves further exploring digital banking promotion, leveraging emerging technologies, and staying ahead in the competitive landscape.
Parent Organisation Indian Private
Founded 1927
Managing Director K.N Madhusoodanan
NSE Symbol DHANBANK

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Dhanlaxmi Bank FAQs

What is the Share price of Dhanlaxmi Bank (DHANBANK)?

Dhanlaxmi Bank (DHANBANK) share price as of May 24, 2024, on NSE is Rs 42.75 (NSE) and Rs 42.39 (BSE) on BSE.

Can I buy Dhanlaxmi Bank (DHANBANK) shares?

Yes, You can buy Dhanlaxmi Bank (DHANBANK) shares by opening a Demat account with Angel One.

How do I buy Dhanlaxmi Bank (DHANBANK) from Angel One?

Dhanlaxmi Bank (DHANBANK) share can be brought through the following modes:
  1. Direct investment: You can buy Dhanlaxmi Bank (DHANBANK) shares by opening a Demat account with Angel One.
  2. Indirect investment: The indirect method involves investing through ETFs and Mutual Funds that offer exposure to Dhanlaxmi Bank (DHANBANK) shares.

Is Dhanlaxmi Bank a Debt free Company?

No, Dhanlaxmi Bank is not a debt free company.

What is the main business of Dhanlaxmi Bank?

The main business of Dhanlaxmi Bank is to offer banking and financial services, such as corporate banking, personal banking, micro & agri banking, NRI banking, SME, and treasury operations, with a special focus on southern states.

How many branches does Dhanlaxmi Bank have?

Dhanlaxmi Bank has 249 branches, out of which 58 are in metro cities, 65 in urban areas, 107 in semi-urban areas, and 19 are rural branches, as of December 2022.