Annual Report 2008-2009 of Dhanlaxmi Bank

It is a broadly described annual report of Dhanlaxmi Bank in the year of 2008-2009. During the financial year, The Bank’s Total income increased from Rs. 354.52 Crore to Rs. 487.77 Crore during the year, a rise of Rs. 133.25 Crore at a growth rate of 38%. Total deposits increased from Rs. 3608.42 Crore to Rs. 4968.81 Crore, an increase of Rs. 1360.39 Crore at a growth rate of 38%. Operating profit increased from Rs. 44.50 Crore to Rs. 87.90 Crore, a rise of Rs. 43.40 Crore at a growth rate of 98%. Net profit more than doubled from Rs. 28.46 Crore for the year ended 31^st March 2008, to Rs. 57.45 Crore for the year ended 31^st March 2009, registering an increase of 102%. The Bank’s capital and reserves increased from Rs. 172.24 Crore as on 31^st March 2008 to Rs. 424.48 Crore as on 31^st March 2009.

The Board of Directors of the bank has recommended a dividend of @10% to the shareholders subject to the approval of the Reserve Bank of India.

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