Dhanlaxmi Bank reports 26% rise in gross advance in Q1FY23

Dhanlaxmi Bank’s gross advance stood at Rs 8734 crore as of June 30, 2022 (Q1FY23), posting a 26.27% rise in year-on-year (YoY) terms against Rs 6917 crore as of June 30, 2021 and in quarter-on-quarter (QoQ) basis stood at Rs 8444 crore in March 2022.

The bank’s total deposits grew 7.80% to Rs 12567 crore as of June 30, 2022, as compared to Rs 11658 crore on a yearly basis. On a quarterly basis, the deposits stood at Rs 12403 crore as of March 2022. The bank has disbursed Gold Loan of Rs 1955 crore as of June 30, 2022 as compared to Rs 1822 crore as of June 30, 2021.

Dhanlaxmi Bank was incorporated in 1927 by group of entrepreneurs at Thrissur located in Kerala. Bank's focus has always been on customizing services and personalizing relations.