Dhanlaxmi Bank Ltd is an Indian private sector bank headquartered in Thrissur, Kerala. The bank was incorporated on November 14, 1927, as Dhanalakshmi Bank at Thrissur with a capital of ₹11,000 and seven employees. Established by a group of ambitious and enterprising entrepreneurs, Dhanlaxmi Bank has, over its 97-year history, earned the trust and goodwill of its clients. It became a Scheduled Commercial Bank in 1977.
The bank has evolved from a small Kerala-based institution to a significant regional player in India's banking sector. Its strong belief in the need to seek innovation, deliver best service, and demonstrate responsibility has helped it grow from strength to strength, whether in the number of customers, the scale of business, the breadth of product offerings, the banking experience offered, or the trust that people invest in it.
Dhanlaxmi Bank is a small-sized private sector bank headquartered in Thrissur, with a significant presence in Kerala (~58%), Tamil Nadu (~14%), Maharashtra (~7%), Karnataka (~5%), and other states (~16%). As of March 31, 2024, it has over 560 customer touch points, including 261 branches, 282 ATMs, and 17 Business Correspondents (BCs), categorised as Metro Branches (~58), Urban Branches (~71), Semi-Urban Branches (~112), and Rural Branches (~20).
During the financial year 2023-24, the bank expanded its network by opening 8 new branches: 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.
Dhanlaxmi Bank offers a comprehensive range of banking services across multiple segments. It provides financial services in Personal Banking, Corporate Banking, NRI Banking, Micro & Agri Banking, and SME Banking. Its corporate banking services include cash management services, credit services, corporate salary account services, forex, and trade services.
The bank is a depository participant of NSDL (National Security Depository Limited), offering Demat services through select branches. It provides VISA & RuPay-branded debit cards and VISA-branded credit cards to customers. The bank also offers insurance services through Bajaj Allianz Life Insurance and CANARA HSBC OBC LIFE Company as its Bancassurance life insurance channel partners, and Bajaj Allianz General Insurance as its General Insurance Channel Partner.
For Q1 FY2024-25, Dhanlaxmi Bank reported a total business of ₹29,054 Crore with a 15.8% Year-on-Year (YoY) growth, and deposits of ₹16,570 Crore. The bank's Q4 FY2024-25 net interest income rose 28% to ₹134 Crore, while net profit surged 776% to ₹28.98 Crore.
The bank recorded an Operating Profit of ₹95.10 Crore for the financial year ended March 31, 2025.
- Interest Income: Increased by ₹112.89 Crore, from ₹1,206.99 Crore (FY2023-24) to ₹1,319.88 Crore (FY2024-25), registering a YoY growth of 9.35%.
- Non-Interest Income: Increased by ₹16.64 Crore, from ₹152.56 Crore (FY2023-24) to ₹169.20 Crore (FY2024-25), registering a YoY growth of 10.91%.
- Total Income: Increased by ₹129.53 Crore, from ₹1,359.55 Crore (FY2023-24) to ₹1,489.08 Crore (FY2024-25), registering a YoY growth of 9.53%.
- Market Capitalization: ₹1,191.20 Crore (as of July 10, 2025).
- Annual Revenue (FY2023-24): ₹1,360 Crore.
- Total Business: Improved by 6.39% to reach ₹24,687.21 Crore as on March 31, 2024, from ₹23,205.38 Crore as on March 31, 2023.
- Deposits: Recorded a growth of 7.03%, reaching ₹14,290.31 Crore as of March 31, 2024, compared to ₹13,351.65 Crore as of March 31, 2023.
- Gross Advances: Stood at ₹10,396.90 Crore as of March 31, 2024, compared to ₹9,853.73 Crore as of March 31, 2023, registering a growth of 5.51%.
The bank has shown significant improvement in asset quality metrics.
- Gross NPA: Decreased by 107 basis points (bps) YoY, from 4.05% to 2.98% as of March 31, 2025.
- Net NPA: As on March 31, 2025, Net NPA was 0.99%. Net NPA decreased nearly 7% to ₹117.94 Crore, resulting in a net NPA margin of 0.99%.
- Provision Coverage Ratio: As on March 31, 2025, it was 88.84%.
These improvements reflect the bank's strengthened risk management practices and collection efficiency.
As on March 31, 2025, the Bank's overall Capital Adequacy stood at 16.12%. Return on Assets and Return on Equity for FY 2024-25 were 0.41% and 4.78%, respectively.
The Reserve Bank of India (RBI) approved the appointment of Ajith Kumar KK as Dhanlaxmi Bank's MD & CEO in June 2024. This leadership change is expected to bring fresh perspectives and strategic direction to the bank's operations.
The bank has set up a data centre in Bangalore to ensure round-the-clock operational capability for its networked systems. It has introduced Customs duty collection services through online mode and Goods and Services Tax (GST) collection through both online and over-the-counter modes. The bank continues to invest in technology infrastructure to enhance customer experience and operational efficiency.
Dhanlaxmi Bank's strategic focus on South Indian markets, combined with its expanding network and improving financial metrics, positions it as a noteworthy player in India's private banking sector. The bank's emphasis on relationship banking and its deep understanding of regional markets continue to be key competitive advantages.
