Incorporated in November 1927 at Thrissur, Kerala by a group of ambitious entrepreneurs, The Dhanalakshmi Bank Ltd. started business with Rs. 11,000 as capital and seven employees. It became a Scheduled Commercial Bank in 1977, and in 2009, was awarded approvals by the Reserve Bank of India for opening 66 branches.   The Bank's Board of Directors is comprised of eminent professionals who provide leadership and guidance to a strong, multi skilled management team. Its comprehensive range of banking and financial services and its extensive nationwide presence has set the stage for an era of unprecedented growth.

"To become a strong and innovative bank with integrity and social responsibility and to maximize customer satisfaction and the satisfaction of its employees, shareholders and the community."

 

 

Achievements

• Serviced business worth Rs. 12,155 crores as on 31 March 2010, comprising deposits worth Rs. 7098 crores and advances worth Rs. 5056 crores.
• Earned a net profit of Rs. 23.30 crores for the financial year ended 31st March 2010, with a capital adequacy ratio of 12.99% (Basel II) during the same period.
• Put in place the Real Time Gross Settlement (RTGS) and National Electronic Fund Transfer (NEFT) systems to facilitate large value payments and settlements online in real time, on a transaction-by-transaction basis.
• Set up NRI Boutiques (Relationship Centres) across nine locations in Kerala and Tamil Nadu, with plans to open specialized NRI outlets at potential locations with emphasis on impeccable service levels.
• Dispensed Micro Credit among private and public banks in Kerala, the Bank's outstanding under micro credit was Rs. 270.62 crores at the end of March 2009.
• Attained ISO 9001-2000 certification for the Bank's corporate office at Thrissur and industrial finance branch at Kochi.

Affiliations

Major Exchange Houses

UAE Exchange Centre LLC
Al Ahalia Money Exchange Bureau

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

Milestones

1927 - Founded on 14 November, 1927, at Thrissur, Kerala

1975 - Set up the first branch outside the home state of Kerala, at Chennai Mount Road

1977 - Designated as Scheduled Commercial Bank by the Reserve Bank of India (RBI)

1980 - 100-strong branch network

1986 - Total business of Rs. 100 crores

1996 - First public issue. Total business of Rs. 1,000 crores

2000 - Installed the first ATM

2002 - First Rights Issue

2002 - Platinum Jubilee year

2007 - Total business of Rs. 5,000 crores. 80th Anniversary year

2008- Total business of Rs. 7,500 crores. Second Rights Issue

2009/10- Expanded branch network to 270 branches. Total business surpassed Rs. 12,000 crores

 

The Dhanalakshmi Bank Ltd
Dhanalakshmi  Buildings
Naickanal, Thrissur - 680 001
Kerala.
Phone : 91-487-6617000
Fax : 91-487-6617222

 

• Surpassed the RBI's benchmark of priority sector lending of 40% by advancing Rs. 1,409 crores as at March end 2010, representing 43.61%.
• Surpassed RBI's recommended norm of 18% advances with respect to agricultural credit by lending Rs.601.99 crores as as at March end 2010, representing 18.62%.
• Outstanding of Rs. 477.14 crores were under weaker sections, representing 10.31% as against the RBI benchmark of 10% as at March end 2010.
• Outstanding in the area of micro credit totalled Rs. 270.62 crores as at March end 2010.
• Credit facilities availed by SHGs stood at Rs.60.97 crores as at March end 2010.
• Kissan Credit Cards for Rs. 3.82 crores were issued to 1200 farmers as at March end 2010.
• Opened 1,00,010 ‘no-frills’ accounts with outstanding of Rs. 23.46 crores as at March end 2010, as part of financial inclusion initiatives.