Dhanlaxmi Bank announced that Ajith Kumar K.K (DIN:08504660) has taken charge as Managing Director & CEO of the Bank w.e.f 20 June 2024. Further, the term of office of Shivan J.K concluded upon Ajith Kumar K.K assuming the office of Managing Director & CEO of the Bank.Powered by Capital Market - Live News

The Board of Dhanlaxmi Bank has approved the appointment of Ajith Kumar K. K as Managing Director & CEO of the Bank for a period of three years with effect from 20 June 2024. Powered by Capital Market - Live News

Net profit of Dhanlaxmi Bank declined 91.33% to Rs 3.31 crore in the quarter ended March 2024 as against Rs 38.17 crore during the previous quarter ended March 2023. Total Operating Income rose 11.72% to Rs 306.23 crore in the quarter ended March 2024 as against Rs 274.10 crore during the previous quarter ended March 2023.For the full year,net profit rose 17.14% to Rs 57.82 crore in the year ended March 2024 as against Rs 49.36 crore during the previous year ended March 2023. Total Operating Income rose 12.67% to Rs 1206.99 crore in the year ended March 2024 as against Rs 1071.23 crore during the previous year ended March 2023. ParticularsQuarter EndedYear Ended�Mar. 2024Mar. 2023% Var.Mar. 2024Mar. 2023% Var. Total Operating Income306.23274.10 12 1206.991071.23 13 OPM %55.8451.80 -55.2251.58 - PBDT10.7120.42 -48 70.4831.61 123 PBT10.7120.42 -48 70.4831.61 123 NP3.3138.17 -91 57.8249.36 17 Powered by Capital Market - Live News

Dhanlaxmi Bank will hold a meeting of the Board of Directors of the Company on 22 May 2024Powered by Capital Market - Live News

Dhanlaxmi Bank has received the approval for the Reserve Bank of India for the appointment of Ajith Kumar K.K (DIN: 08504660) as the Managing Director & CEO of the Bank for a period of 3 (three) years with effect from the date of taking charge. Powered by Capital Market - Live News