BANKING
| Dhanlaxmi Bank net up Sun, 24 Apr 2011 |
| THRISSUR: Private sector Dhanlaxmi Bank has reported a 11.8 per cent rise in net profit at Rs. 26.06 crore in the 12 months ended March 31, 2011, against Rs.23.30 crore, a growth of 11.8 per cent. Total income rose to Rs.1,053.19 crore fromt Rs.625.56 crore, the bank said in a release here. “The financial year 2011 was a year for consolidation for us. On all parameters, including important ones such as business growth, net interest margin and NPA control, it was a good year for us,” Dhanlaxmi Bank CFO Bipin Kabra told PTI. Net interest margin for the year was around 2.7 per cent which is “satisfactory”, he said. On the outlook for the financial year 2012, Mr. Kabra said, “We will continue to grow,” he said, without revealing any figures. Asked if the bank is planning to raise funds soon, Kabra replied in the affirmative but without giving details. However, it is understood the bank is eyeing the GDR route to raise around Rs. 500-600 crore. The bank's loan-book witnessed a sharp growth largely on account of a greater thrust on the retail segment and diversification across regions, the release said. The bank's total income increased from Rs 182.40 crore in the quarter ended March 31, 2010 to Rs. 342.2 crore, recording a growth of 87.6 per cent. Non-interest income rose from Rs. 31.9 crore to Rs. 46.1 crore as a result of a focused thrust on fee-based business. — PTI |
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