January 23, 2022

The World Live Breaking News Coverage & Updates IN ENGLISH

The World Live Breaking News Coverage & Updates IN ENGLISH

Dhanlaxmi Bank loans grow 11%, highest in 10 qtrs

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, Dhanlaxmi Bank loans grow 11%, highest in 10 qtrs, The World Live Breaking News Coverage & Updates IN ENGLISH
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, Dhanlaxmi Bank loans grow 11%, highest in 10 qtrs, The World Live Breaking News Coverage & Updates IN ENGLISH
, Dhanlaxmi Bank loans grow 11%, highest in 10 qtrs, The World Live Breaking News Coverage & Updates IN ENGLISH

MUMBAI: After struggling with credit growth for over two years, the Thrissur-headquartered Dhanlaxmi Bank has turned the tide. The bank has also ended an impasse with key shareholders over the appointment of an auditor. However, the bank will need to require its shareholders’ nod for raising capital.
Dhanlaxmi Bank MD & CEO J K Shivan said the lender has managed to crack the small-sized corporate market. These borrowers have a triple-A rating but have a low funding requirement of around Rs 100 crore. As a result, the bank has managed to grow its share of corporate loans from 25% to 29% as of December. It has grown its overall loans by a 10.5% year-on-year as of end December — the highest in 10 quarters.

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