Page 3 - Dhanlaxmi Bank

Bank employees union seeks RBI intervention in Dhanlaxmi Bank affairs

The bank reported highest profit in nine decades in FY20 at Rs 65 crore

Bank union seeks RBI intervention into state of affairs at Dhanlaxmi Bank

Bank union AIBEA has urged RBI governor Shaktikanta Das to intervene into the affairs of Dhanlaxmi Bank which it alleged is "heading into wrong direction". The All India Bank Employees' Association (AIBEA) in a letter to the RBI governor has claimed that the bank is looking to change its business profile, expand network in northern India and hire senior people on contractual basis at high remuneration which could land it into problems. The bank returned to profits two years ago after posting losses for five years, the AIBEA noted in the letter. Few years ago, particularly around 2008 to 2012, this bank was facing a lot of problems regarding its performance and was making losses. It made losses of more than Rs 850 crore during that period, the AIBEA said in the letter to Das. In the name of modernising the bank, the then top management of the bank brought it to serious problems and virtual mess. With the intervention of the RBI, change in top management, strengthening its capital b

Dhanlaxmi Bank slides 5% as Q1 provisions jump 3-fold YoY to Rs 37 crore

The lender's provisioning for bad loans and contingenices spiked to Rs 37.02 crore in Q1FY21 as against Rs 9.27 crore a year ago. However, it was lower from previous quarter's Rs 56.89 crore

Dhanlaxmi Bank Q1 profit tumbles 69% on higher bad loan provisioning

Private sector Dhanlaxmi Bank on Monday posted a 69 per cent decline in its net profit at Rs 6.09 crore for the first quarter ended June 2020 due to higher provisioning.

RBI approves Sunil Gurbaxani's appointment as Dhanlaxmi Bank MD and CEO

Gurbaxani is working with Axis Bank at present.

Dhanlaxmi Bank Q2 net nearly doubles to Rs 22cr, NPAs fall sharply

The private sector bank made provisions for bad loans and contingencies of Rs 25.38 crore for the September quarter

Ex-PNB executive T Latha appointed new MD & CEO of Dhanlaxmi Bank

Her appointment will be for a period of three years w.e.f July 2, 2018

Dhanlaxmi Bank shows NPA, capital risks: Fitch

The rating agency says this is the first time investors in India have had to forgo interest on a bank capital instrument

CARE downgrades Dhanlaxmi's hybrid Tier-II bonds to default

Downgrade follows the bank's fall in its capital adequacy ratio to 7.51 per cent

Dhanlaxmi Bank zooms on heavy volumes

The stock zoomed 20% to Rs 29.55 on the NSE in intra-day trade on the back of over five-fold jump in trading volumes.