Dhanlaxmi Bank Ltd

Dhanlaxmi Bank Limited, a private sector Bank was incorporated on November 16, 1927 by a Group of Enterprising Entrepreneurs (GEE) at Thrissur. It became a Scheduled Commercial Bank in 1977. Between 1927 to 1937, its services were localised in Thrissur. In 1937, it extended its service to Ernakulam and Palghat by opening branches there. The Bank is engaged in providing a wide range of banking and financial services for businesses like Current Accounts, SME & Business Loans, Trade & Finance, Digital & Corporate Banking and many more. Since the incorporation in 1927, the Bank has evolved into a trusted financial institution, rooted in tradition and leverage technology to improve the banking performance since FY2026. By 1947, DBL's deposits generated stood at Rs 31 lac. In 1962, it took over three banks - Lakshmi Prasad Bank, Radhakrishna Bank and Parli Bank. Subsequently, it further expanded its network throughout Kerala, and then in Tamilnadu, Andhra Pradesh and Karnataka in 1978. With this, DBL's operations covered the entire southern India apart from its strong presence in Kerala. The period covering 1985-90 saw the bank opening up its first branch outside southern India, in Bombay. It started dealing in other segments of banking such as bills discounting, letter of credit, etc. Two prominent religious trusts -- Sabarimala and Guruvayoor Devasom Board, are among its host of clients. In 1993, the bank obtained restricted foreign exchange licence, to maintain rupee accounts of non-residents. DBL also ventured into new areas such as consumer banking, corporate banking and merchant banking. In Mar.'96, DBL came out with a public issue of 80 lac equity shares of Rs 10 each for cash at a premium of Rs 40 per share aggregating Rs 40 cr, to strengthen the capital base for meeting statutory capital adequacy norms and to obtain the listing of shares on the stock exchanges. As on 31.03.2008, the Bank operated through a network of 181 Branches and 26 Extension Counters spread over 8 States besides 55 on-site and 13 off-site ATMs. As on 31.03.2009, the Bank operated through a network of 181 Branches and 26 Extension Counters spread over 8 States besides 59 on-site and 13 off-site ATMs. The Bank opened 63 branches including 2 processing centres at Hyderabad and Thrissur, covering 14 states. It opened 208 additional ATMs across 13 states. Upgraded 26 extension counters into full fledged branches. Converted asset recovery branches at Coimbatore and Chennai into general category branches. In 2011, 5 branches and 179 ATMs were opened taking the customer outlets to 734 as on 31st March 2011. Bank had 250 branches as on 31st March, 2019 spread across 14 States and 1 Union Territory (Chandigarh) and 346 ATMs. As on 31.03.2020, it had 247 branches and 254 ATMs, had 245 branches and 257 ATMs as on 31st March, 2021, had 245 branches and 258 ATMs as on 31st March, 2022. It opened a new Regional Office at Hyderabad w.e.f. March 16, 2022. Bank had 245 branches as on 31st March, 2022 and 258 ATMs and 17 Business Correspondents. Bank opened a new Regional Office at Hyderabad w.e.f. March 16, 2022. Bank received in-principle approval from Reserve Bank of India for opening of 20 new branches in Kerala, Tamil Nadu, Karnataka, Pondicherry, Andhra Pradesh and Telangana states. Bank opened Mananthavady Branch in Wayanad Kerala on September 05, 2022, Thanjavur Branch in Tamil Nadu on September 16, 2022, Tirunelveli Branch in Tamil Nadu on October 17, 2022 and Karimnagar Branch in Telangana on November 28, 2022. Total Business of the Bank as on 31.03.2022 stood at Rs.20846.47 Crore as against Rs.18834.16 Crore as on 31.03.2021. Deposits recorded a growth of 5.90 % to reach Rs.12402.89 Crore as on 31st March 2022 against Rs. 11711.90 Crore as on 31st March 2021. Bank's Gross advance stood at Rs.8443.58 Crore as on 31.3.2022 against Rs.7122.26 Crore as on 31.03.2021. Bank had 253 branches as on 31st March, 2023 and 270 ATMs and 17 Business Correspondents. It further opened 8 new branches during the financial year 2022-23 in Manathavady, Cherpulassery, Koyilandy and Mattannur in Kerala State, Thanjavur and Tirunelveli in Tamil Nadu State, Karimnagar in Telangana State and Kurnool in Andhra Pradesh State. Bank had 261 branches as on 31st March, 2024 and 272 ATMs and 17 Business Correspondents. It further opened 8 new branches during the financial year 2023-24: Kottakkal in Malappuram District, Kerala; Arasavilli in Srikakulam District and Dowleswaram (near Rajahmundry) in East Godavari District, Andhra Pradesh; Hassan and Mandya in Karnataka; Puducherry (UT); Warangal in Telangana; and Hosur in Krishnagiri District, Tamil Nadu. Total business of the Bank improved by 6.39% to reach Rs 24687.21 Crore as on 31.03.2024, from Rs 23205.38 Crore as on 31.03.2023. Deposits recorded a growth of 7.03%, reaching Rs 14,290.31 Crore as of March 31, 2024, compared to Rs 13,351.65 Crore as of March 31, 2023. Gross advances stood at Rs 10,396.90 Crore as of March 31, 2024, compared to Rs 9,853.73 Crore as of March 31, 2023, registering a growth of 5.51%. Total business of the Bank improved by 14.31% to reach Rs 28219.11 Crore as on 31.03.2025, from Rs 24687.21 Crore as on 31.03.2024. Deposits recorded a growth of 12.06%, reaching Rs 16,013.45 Crore as of March 31, 2025, compared to Rs 14290.31 Crore as of March 31, 2024. Gross advances stood at Rs 12,205.66 Crore as of March 31, 2025, compared to Rs 10396.90 Crore as of March 31, 2024, registering a growth of 17.40%. The Bank operated 261 branches as on 31st March, 2025 spread across 14 States and 2 Union Territories. It had 282 ATMs/CRMs and 17 Business Correspondents as on March 31, 2025. Total business of the Bank improved by 19.67% to reach Rs 33771.57 Crore as on 31.03.2026, from Rs 28219.11 Crore as on 31.03.2025. Deposits recorded a growth of 16.42%, reaching Rs 18,642.88Crore as of March 31, 2026, compared to Rs 16,013.45 Crore as of March 31, 2025 Gross advances stood at Rs 15128.69 Crore as of March 31, 2026, compared to Rs 12205.66 Crore as of March 31, 2025, registering a growth of 23.95%. The Bank operated 264 branches as on 31st March, 2026 spread across 14 States and 2 Union Territories. It had 248 ATMs/CRMs and 17 Business Correspondents as on March 31, 2026.