Dhanalakshmi Bank

Dhanalakshmi bank was founded on 14th November 1927by a gathering of enterprising entrepreneurs at Thrissur, a capital city of Kerala.

The group started of with around Rs.11, 000 and only 7 employees. Dhanalakshmi bank then became among the commercial banks in India in 1977.

The Dhanalakshmi banks to date has attained a national stature consisting of 181 branches and 26 Extension that have spread over the states of Kerala, Tamil Nadu, Karnataka, Andhra Pradesh, Maharashtra, Gujarat, Delhi and West Bengal.

The Dhanalakshmi Bank has of late got approval from the reserve bank of India for opening more branches that range around 66 and about 380 ATMs across India according to the 2009 calendar. With this development their will be an increase of customer outlets from the current number 279 to around 725.

Dhanalakshmi bank has also been allowed by the Reserve bank of India to open other 5 regional offices in Kerala at Thiruvananthapuram, Ernakulam, Thrissur, Palakad and Kozihikode and 2 others in central processing places at Thissur and Hyderabad.

The Dhanalakshmi bank has serviced a business of Rs.8212 crores from 31st March 2009 deposits of Rs.4969 crores and advances of Rs.3243 crores. The Dhanalakshmi bank had a net profit of Rs.57.45 crores for the nine months that ended on 31st March 2009. The banks capital ratio around 31/03/2009 was 14.44%.

Dhanalakshmi Bank is a tech sawy and has proved the technology that it is capable of being an instrument to give quality service to the banks customers. It has brought about a centralized Banking Solution (CBS) so that it extends anywhere to its clients through double delivery channels.

The Dhanalakshmi bank has introduced the Centralized Banking Solution in all the branches covering to around 100% of total business. The Dhanalkshmi bank has a state-of –the-art DATA CENTRE in Bangalore, to keep the networked in operation for 24 hrs a day and through out the week.

The Dhanalakshmi Bank stresses on customizing services and personalizing relations among them and their clients. The Dhanalakshmi bank has brought the use of international Debit cards in a tie-up with the Visa International.

As an improvement the Dhanalakshmi has joined effort with the CASHNET which is the independent nation wide atm that emerged first in India and is shared among atm networks that was promoted by the Reserve Bank of India and Public sector banks.

The Dhanalkshmi bank is also capable of tele-banking and has the online banking benefits in all its branches the bank also has centralized CMS software that operates through locating the CMS hub at the corporate office in Thrissur hence enabling all The Centralized Banking Solutions to Operate on CMS.