Updated Apr 5, 2024 | 04:01 PM ISTSanjiv Bhasin Top Pick: Veteran market expert Sanjiv Bhasin has recommended buying shares of a smallcap private sector bank. He sees a potential upside of up to 35 per cent in this stock. Check share price target. Sanjiv Bhasin Top Pick: Dhanlaxmi Bank was incorporated in 1927 at Thrissur, Kerala, with a capital of Rs 11,000 and seven employees. (iStock/ET NOW News)Sanjiv Bhasin Top Pick: Veteran market expert Sanjiv Bhasin has recommended buying shares of a smallcap private sector bank. In an exclusive conversation with ET NOW Swadesh on April 5, the market expert recommended buying shares of Dhanlaxmi Bank to reap handsome returns in the short…
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Category: Dhanlaxmi Bank
Raising capital may be priority for incoming Dhanlaxmi Bank's CEO – Business Standard
Raising capital may be priority for incoming Dhanlaxmi Bank’s CEO Business StandardRBI approves appointment of Ajith Kumar KK as Dhanlaxmi Bank’s MD & CEO MintAjith Kumar KK named CEO of Dhanlaxmi Bank The Economic TimesDhanlaxmi Bank gets RBI approval for Ajith Kumar KK as MD and CEO MoneycontrolRBI approves Ajith Kumar’s appointment as Dhanlaxmi Bank chief BusinessLine
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RBI approves appointment of Ajith Kumar KK as Dhanlaxmi Bank’s MD & CEO
MUMBAI :The Reserve Bank of India (RBI) has approved the appointment of Ajith Kumar KK as the managing director and chief executive officer of Dhanlaxmi Bank.
In a notification to the exchanges on Friday, the bank said that its board of directors will soon convene a meeting to approve Kumar’s appointment, and seek shareholder permission thereafter, as per regulatory provisions.
Kumar is set to succeed J.K. Shivan,…
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Sanjiv Bhasin top pick: 200% stock returns in 1 year
Sanjiv Bhasin top pick: 200% stock returns in 1 year – Do you own?
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Dhanlaxmi Bank shares drop following independent director's resignation – MSN
Dhanlaxmi Bank shares drop following independent director’s resignation MSN
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Dhanlaxmi Bank's (NSE:DHANBANK) earnings growth rate lags the 170% return delivered to shareholders – Simply Wall St
Dhanlaxmi Bank’s (NSE:DHANBANK) earnings growth rate lags the 170% return delivered to shareholders Simply Wall St
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RBI grants extension to Shivan at Dhanlaxmi Bank until new CEO takes charge
Mumbai: Dhanlaxmi Bank has informed the stock exchanges that the RBI has approved an extended term for J K Shivan, MD & CEO of the bank, until his successor assumes office. Shivan’s term was to end this month.The bank’s board has approved a panel of candidates for the MD&CEO position. In adherence to existing RBI norms, the bank has submitted its application to the Reserve Bank of India, including the names of the candidates awaiting approval for the new MD&CEO appointment.ExpandThere have been reports that the bank has recommended senior executives from the Federal Bank and Bank of Bahrain and Kuwait as candidates. A major challenge for a bank of Dhanlaxmi’s size is the capacity to pay…
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Total business grows 6.3%, gold loans hold centre stage
Thrissur-based private lender Dhanlaxmi Bank Ltd on Tuesday (April 2) released its fourth quarter business update, revealing a positive growth trend across its various business segments.The bank reported a total business of ₹24,668 crore, up 6.3% compared to ₹23,205 crore in the corresponding period last year, according to a stock exchange filing.The total deposits of the bank rose to ₹14,259 crore, marking a 6.8% increase from ₹13,351 crore reported in the previous year. The current account savings account (CASA) deposits also grew by 2.8%, reaching ₹4,381 crore compared to ₹4,260 crore in the same period last year.Also Read: Dhanlaxmi Bank Q4 profit zooms 63%, net interest…
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Live: What does the rising dollar mean for other currencies | Commodities Corner
The Dollar Index (DXY00) surged to its highest level in 4-1/2 months, ending with a gain of 0.48%. This uptick was initially fueled by last Friday’s robust US February personal spending report, which boosted confidence in the dollar. Furthermore, Federal Reserve Chair Powell’s remarks on Friday, indicating no rush to lower interest rates, provided additional support to the dollar. On Monday, the dollar continued its upward trajectory following the release of the stronger-than-expected March ISM manufacturing index,…
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Source: https://www.moneycontrol.com/
Sanjiv Bhasin | Sanjiv Bhasin portfolio stocks: Small banks like Dhanlaxmi may double; Indus Tower a dark horse: Sanjiv Bhasin
Sanjiv Bhasin, Director, IIFL Securities, says “there is a huge under-ownership of PSUs and this sector will gather steam. As a disclosure, we have both IRCON and IRFC in our portfolios. But please do not chase them. But replace some of your real estate stocks with largecap banks. I think ICICI Bank is going to see a 30% jump in market cap over the next three to six months.” Last week was marred by HDFC Bank but it seems like ICICI Bank is going to pick up the flavour for banks.Sanjiv Bhasin: After the biggest event of Ram temple inauguration and not to forget the Dow crossing 38,000, the pessimists and the people on the sideline waiting for corrections and talking of overvaluation,…
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