Dhana laxmi bank established on 14 th november at 1927 by a group of ambitious business men at thrissur the cultural capital of Kerala. Affiliations The bank started with a capital of 11,000 Rs and 7 employess and accordingly became a scheduled commercial Bank in the year 1977.
Dhanalaxmi bank recently received approval from the reserve bank of india to open 66 branched and 380 Atms across the country during 2009. This will increase the nuber of customer outlets from 279 to 725 helping it attain a national stature.
The bank is guided by Board of Directors afficinat professionals. Mr.G.N.Bajpai is the Bank’s Chairman and Mr.Amitabh Chaturvedi, the managing Director and CEO.
Achievements:
The Bank serviced a business worth Rs.8,212 crores as on 31 March 2009, comprising of deposits worth Rs.4969 crores and advances worth Rs.3245 crores.
The Bank made a net profit of Rs.57.45 crores during the financial year ended 31st March 2009 and had a Capital Adequacy Ratio of 14.44% during the same period.
In an effort to provide NRIs with value-added services, the Bank has set up NRI Boutiques (Relationship Centres) at 9 locations in the states of Kerala and Tamil Nadu. The Bank also has plans to open specialized NRI outlets at potential locations, stressing on the highest quality of service.
On the socio-economic front, the Bank plays a leading role in dispensing Micro Credit among private and public banks based in Kerala. As at the end of March 2009, the outstandings under micro credit were Rs.124.40 crores. This involvement is part of the Bank’s objective to act as a catalyst for the economic prosperity of the country.
The Bank’s Corporate Office at Thrissur and Industrial Finance Branch at Kochi have been accredited with certification under ISO 9001-2000.
Affiliations
Major Exchange Houses
UAE Exchange Centre LLC
Al Ahalia Money Exchange Bureau
UAE Exchange Centre WLL
Foreign Correspondent Banks
Deutsche Bank Trust Company Americas
Wachovia Bank NA – A Wells Fargo Company
Commerzbank AG
National Westminister Bank PLC
Insurance Partner
Bajaj Allianz
Registered & Corporate Office
Dhanalakshmi Buildings
Naickanal, Thrissur – 680 001
Kerala.
Phone : 91-487-6617000
Fax : 91-487-6617222
Financial Inclusion Initiatives
* Priority Sector Advances of the Bank as on 31.03.2009 stood at Rs.1148 crore. The priority sector ratio as on that date was 53.48%, well above the RBI benchmark of 40%
* The Bank surpassed the RBI norm of 18% in respect of agricultural credit by recording 21.40% as on 31.03.2009 with outstanding of Rs.557 crore.
* The Bank’s achievement under weaker sections stood at 10.31% as against the RBI benchmark of 10% with outstanding amount of Rs.22.29 crore as on 31.03.09.
* The outstandings in the area of Micro credit was Rs.125 crore as on 31.03.2009.
* The number of Savings Bank accounts maintained by Self Help Groups (SHGs) with the Bank was 20740 while the credit facilities availed by SHGs stood at Rs.35 crore as on 31.03.2009.
* Kisan Credit Cards for Rs.5.06 crore were issued to 1717 farmers as at the end of March 2009.
* As a part of Financial Inclusion initiatives, the Bank has opened 83046 ‘No frills’ account with outstanding amount Rs.22.22 crore as on 31.03.09.
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