Dhanlaxmi Bank Ltd, Thrissur, Kerala based private bank has informed BSE that Reserve Bank of India (RBI) has conveyed their approval for declaring dividend at the rate of 5% i.e. Re. 0.50/- per share on the face value of Rs. 10/- for the year 2010-2011. On 3rd June, 2011, Dhanlaxmi Bank has announced an increase in interest rates on select term deposits by up to 50 basis points from June 6, 2011. The Bank’s total revenue of Q4 has grown by 29.66 % to reach to Rs. 249.47 cr. in March, 2011 from Rs. 192.4 cr. in December, 2010. In same period net profit of bank has increased to Rs 7.26 cr. from Rs. 1.62 cr. in March, 2010. The bank’s annual total revenue has reached to Rs 534.37 cr. for the FY 2009-10 and at the same time net profit increased to Rs. 23.30 crore. The Bank’s CAR has risen to 13.39 %, while its NPM touch to 2.91 %. Foreign institutional investors (FII) are holding 32.66 % in the company in while domestic institutional investors (DII) are holding 6.47%, and 60.87% share holds by others in Dena Bank.
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