Annual Report 2010-2011 of Dhanlaxmi Bank

It is a broadly described annual report of Dhanlaxmi Bank in the year of 2010-2011. During the financial year, The Bank’s Total business rose from Rs. 12,154.97 Crore to Rs. 21,651.25 Crore at a growth rate of 78.13%. Total deposits rose from Rs. 7,098.48 Crore to Rs. 12,529.63 Crore, an increase of Rs. 5,431.15 Crore at a growth rate of 76.51 %. The Bank’s net profit for the year ended 31^st March 2011 stood at Rs. 26.06 Crore, against Rs. 23.30 Crore for the year ended 31^st March 2010. The Bank’s Capital and Reserves increased from Rs. 440.08 Crore as on 31^st March 2010 to Rs. 844.64 Crore as on 31^st March 2011.

The Board of Directors of the bank has recommended a dividend of @5% to the shareholders subject to the approval of the Reserve Bank of India.

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