Dhanlaxmi Bank shines on reporting 7% rise in total deposits during fourth quarter of FY23
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Dhanlaxmi Bank is currently trading at Rs. 15.02, up by 0.57 points or 3.94% from its previous closing of Rs. 14.45 on the BSE.
The scrip opened at Rs. 14.89 and has touched a high and low of Rs. 15.44 and Rs. 14.55 respectively. So far 280691 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. 15.44 and Rs. 13.50 respectively. The current market cap of the company is Rs. 379.52 crore.
The Institutions and Non-Institutions held 10.91% and 89.09%, stake in the bank respectively.
Dhanlaxmi Bank’s total deposits grew 7.45% to Rs 13327 crore (provisional) as of March 31, 2023 (Q4FY23), as compared to Rs 12403 crore as of March 31, 2022 (on a yearly basis). On a quarterly basis, the total deposits stood at Rs 12939 crore as of December 2022. Its gross advances increased 16.85% to Rs 9867 crore (provisional) as of March 31, 2023, as compared to Rs 8444 crore as of March 31, 2022.
The bank’s total business stood at Rs 23194 crore (provisional) as of March 31, 2023, posting a 11.26% rise in year-on-year (YoY) terms as against Rs 20847 crore as of March 31, 2022 and on quarter-on-quarter (QoQ) basis, term deposits stood at Rs 22183 crore as of December 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.
