Dhanlaxmi Bank gains on reporting 6% rise in total deposits during first quarter of FY24
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Dhanlaxmi Bank is currently trading at Rs. 18.01, up by 0.15 points or 0.84% from its previous closing of Rs. 17.86 on the BSE.
The scrip opened at Rs. 17.91 and has touched a high and low of Rs. 18.54 and Rs. 17.60 respectively. So far 312100 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 26.45 on 16-Dec-2022 and a 52 week low of Rs. 11.33 on 21-Oct-2022.
Last one week high and low of the scrip stood at Rs. 18.54 and Rs. 16.67 respectively. The current market cap of the company is Rs. 460.48 crore.
The Institutions and Non-Institutions held 10.98% and 89.02% stake in the bank, respectively.
Dhanlaxmi Bank’s total deposits stood at Rs 13374 crore (provisional) as of June 30, 2023 (Q1FY24), posting a 6% rise in year-on-year (YoY) terms against Rs 12576 crore as of June 30, 2022 and in quarter-on-quarter (QoQ) basis stood at Rs 13352 crore as of March 2023.
Its gross advances stood at Rs 10044 crore (provisional) as of June 30, 2023 (Q1FY24), posting a 15% rise in year-on-year (YoY) terms against Rs 8724 crore as of June 30, 2022 and in quarter-on-quarter (QoQ) basis stood at Rs 9854 crore as of March 2023. The bank’s CASA grew 2% to Rs 4240 crore (provisional) as of June 30, 2023, as compared to Rs 4160 crore as of June 30, 2022 (on a yearly basis). The bank has disbursed gold loans of Rs 2451 crore (provisional) as of June 30, 2023 as compared to Rs 1955 crore as of June 30, 2022.
Dhanlaxmi Bank was incorporated in 1927 by group of entrepreneurs at Thrissur located in Kerala. Bank's focus has always been on customizing services and personalizing relations.
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