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Saturday, October 28, 2000
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Dhanalakshmi Bank posts Rs 15.6cr profit
Our Banking Bureau
Kochi, Oct 27: The Thrissur-based Dhanalakshmi Bank Ltd has posted a operating profit of Rs 15.69 crore as against to Rs 10.58 crore in the half year of the current fiscal, registering an increase of 48 per cent growth. The net profit stood at Rs 6.43 crore as against Rs 5.03 crore of the corresponding period last year.The total deposits of the bank was at Rs 1843.26 crore, an increase of 19 per cent over the corresponding period last year. According to bank statement the gross advances have gone up by 23 per cent. The cost of deposits have been brought down to less than 9 per cent. The capital adequacy ratio is above the bench mark of 10 per cent, the statement added. Copyright © 2000 Indian Express Newspapers (Bombay) Ltd.
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