Dhanlaxmi Bank Ltd
NSE: DHANBANK BSE: 532180
₹26.97
(2.00%)
Mon, 12 Oct 2026, 06:38 am
Market Cap (in Cr)1060.56
PE Ratio9.22
Dividend0
Finance
Major Banks
24.5KCompany History
1927
- Dhanalakshmi Bank Limited was incorporated.
1991
- Issued 230,000 shares.
1992
- Opened branches at Veerappan Chatram and Peelamedu (April 22).
- Opened Extension Counter at Hyderabad.
- Upgraded Nanthencode (Trivandrum) Extension Counter to full branch.
- Issued 350,000 shares to the public.
1993
- Inaugurated EDP Section in Central Office on January 28.
- Extended computer support to three Regional Offices.
- Introduced computer-supported banking in selected branches with on-line facilities.
- Began in-house software development expertise.
1994
- Issued rights equity shares at premium of Rs 25 per share.
1995
- Co-managed 5 issues; participated in 60 public issues as Bankers to Issue; underwrote 104 issues.
- Entered project appraisal; entertained 26 bridge loan requests.
- Opened branches at Chevarambalam (Kozhikode), Ponnani (Malappuram), Muvattupuzha (Ernakulam).
- Issued 8,000,000 equity shares of Rs 10 at premium Rs 40 per share.
1996
- Offered 8,000,000 equity shares at premium Rs 40 aggregating Rs 40 crore.
- Entered leasing business.
- Opened branches at Karur (Tamil Nadu), Dasarahalli (Bangalore), Chembur (Mumbai), T. Nagar (Chennai), Valancherry (Kerala).
- Issued 8,235,545 equity shares through public issue at premium Rs 40 per share.
1997
- Celebrated 70th year of service.
- Opened branches at Surat, Ahmedabad, Fort Mumbai, Service Branch Chennai, Industrial Finance Branch Kochi; five Extension Counters including Guruvayur.
- Fully computerized 11 branches (total 26); back offices of 5 branches.
- Bond issue rated 'LA' by ICRA.
- Granted full-fledged foreign exchange licence by RBI.
1998
- Launched deposit schemes Dhanam Plus and Dhanam Double Plus in Bangalore.
1999
- Computerized 70% of transactions; launched website www.dhanbank.com.
- Launched Dhanam Kisan card on October 28.
- Proposed web-based banking services.
2000
- Implemented new domestic deposit rates effective April 22 and NRE/NRNR rates from May 1.
- Received RBI clearance for pro rata allotment of 1996 public issue shares.
- Introduced seven-day banking in select branches in Thiruvananthapuram, Ernakulam, and Bangalore.
2001
- Inaugurated first ATM centre in Chennai at Anna Nagar on August 23.
- Opened first ATM in Bangalore.
2002
- Introduced Dhanam Platinum Jubilee Home Loan Advantage scheme.
- Set record date February 16 for rights issue of 4 equity shares for every 3 at premium Rs 5 per share.
- Tied up with MetLife India to distribute life insurance products.
2003
- Opened 3 branches in Thrissur.
- Launched co-branded DhanLife with MetLife India.
- Tied up with United India Insurance for product marketing.
- B Muthuswamy resigned as MD and CEO; K A Menon took charge.
- Inaugurated Mumbai Treasury Department on October 29.
- Took over 18,000 sq ft property of Pentasoft Technologies under Securitisation Act.
2004
- Introduced bill payment services.
- Took possession of part of Devaki Hospital.
- Unveiled two-wheeler loan scheme.
- Appointed T R Madhavan as MD and CEO effective February 23.
- Launched health insurance scheme with United India Insurance.
- Delisted from Madras Stock Exchange effective September 7.
2005
- Joined IDRBT managed ATM network.
- Inked rupee-drawing agreement with Oman firm.
- Appointed Mr. Prasad as CEO.
- Unveiled new housing loan product.
2007
- Appointed K Srikanth Reddy as Additional Director effective October 29.
2008
- Appointed S Santhanakrishnan as Additional Director effective June 30.
- Issued rights shares in 1:1 ratio at premium of Rs 52 per share.
2009
- Appointed Bipin Kabra as CFO.
- Appointed Ghanshyam Dass and Sateesh Kumar Andra as directors.
- Unveiled mini dairy funding project in Idukki district, Kerala.
- Forged alliance with CRISIL for SME ratings.
2010
- Launched Mobile Banking.
- Opened 2 ATMs in Goa.
- Raised Rs 380 crore through QIP.
- Signed MOU with Government of Karnataka.
- Rolled out 151 additional ATMs.
- Changed name to Dhanlaxmi Bank Ltd.
2011
- Launched gift card.
- Opened branch in Bareilly.
- Introduced 300-day deposit scheme.
- Launched Forex Card.
- Launched second series of gold coins.
2012
- Started silver retail business.
- Appointed P. G. Jayakumar as MD and CEO effective May 18.
- Raised NRE deposit rates by 235 basis points.
- Achieved positive balance sheet.
2013
- Received 2 awards from National Payments Corporation of India.
- Appointed K. S. Krishnan as CFO effective July 5.
2014
- Introduced missed call account balance service.
- Inaugurated 3rd ATM at Amrita Vishwa Vidyapeetham campus.
- Appointed Dr. Lakshmy Devi K R as additional director.
2017
- Entered tie-up with Canara HSBC Oriental Bank of Commerce Life Insurance.
2021
- Awarded best performing private sector bank for Atal Pension Yojna contribution.
2024
- Issued rights shares of Rs 10 in ratio 14:25 at premium of Rs 11 per share.
