Dhanlaxmi Bank jumps on reporting 22% rise in gross advance in Q3FY23
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Dhanlaxmi Bank is currently trading at Rs. 20.90, up by 0.75 points or 3.72% from its previous closing of Rs. 20.15 on the BSE.
The scrip opened at Rs. 20.55 and has touched a high and low of Rs. 21.15 and Rs. 20.30 respectively. So far 217477 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. 10.50 on 16-Jun-2022.
Last one week high and low of the scrip stood at Rs. 21.15 and Rs. 19.30 respectively. The current market cap of the company is Rs. 527.53 crore.
The Institutions and Non-Institutions held 11.69% and 88.30%, stake in the Bank respectively.
Dhanlaxmi Bank’s gross advances stood at Rs 9250 crore (provisional) as of December 31, 2022 (Q3FY23), posting a 22.48% rise in year-on-year (YoY) terms as against Rs 7552 crore as of December 31, 2021 and on quarter-on-quarter (QoQ) basis, gross advances stood at Rs 9109 crore as of September 2022.
The bank’s total deposits grew 6.78% to Rs 12922 crore (provisional) as of December 31, 2022, as compared to Rs 12101 crore as of December 31, 2021 (on a yearly basis). On a quarterly basis, the deposits stood at Rs 12748 crore as of September 2022. The bank has disbursed gold loans of Rs 2084 crore (provisional) as of December 31, 2022 as compared to Rs 1694 crore as of December 31, 2021. CASA stood at Rs 4216 crore (Provisional) as of December 31, 2022, posting a 5.19% rise in year-on-year (YoY) terms as against Rs 4008 crore as of December 31, 2021.
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.
