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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Category: Dhanlaxmi Bank
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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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Dhanlaxmi Bank’s board approves rights issue of Rs 300 crore
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The board of private sector lender Dhanlaxmi Bank on March 22 approved a rights issue worth Rs 300 crore, the bank informed on the exchanges.
“The board of directors of the bank at its meeting held on March 22, 2024, approved an increase in the amount of proposed rights issue of the bank up to Rs 300 crore (including premium) to the eligible shareholders of the bank,” the bank said.
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Earlier, Moneycontrol reported that the clock is ticking for Dhanlaxmi Bank to…
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Which stocks will be in focus today including Dhanlaxmi Bank, Accenture, Bharat Dynamics, Mazagon Dock? – Zee Business
Which stocks will be in focus today including Dhanlaxmi Bank, Accenture, Bharat Dynamics, Mazagon Dock? Zee Business
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Sanjiv Bhasin top pick: Buy THIS smallcap bank’s share for up to 50% return – check target
Sanjiv Bhasin top pick: Sanjiv Bhasin, Director at IIFL Securities has recommended buying shares of a smallcap private sector bank for a potential upside up to 50 per cent. Check share price target.The private sector bank has yielded nearly 100 per cent return in the last six months. (Image: ShutterStock/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 February 15, the market expert recommended buying shares of Dhanlaxmi Bank to reap handsome returns in the short term.Dhanlaxmi Bank Share Price Target 2024The market expert set the target price of the…
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Dhanlaxmi Bank Rights Issue: Board announces KEY meeting date
Dhanlaxmi Bank Rights Issue: The bank has informed the bourses that its board of directors will meet to consider an increase in the amount of the proposed right issue. Updated Mar 16, 2024 | 03:23 PM ISTThe private lender bank stock settled at Rs 43.63, up 2.47 percent from its previous close of Rs 42.58 on the BSE on Friday.(Image: istock/ET Now News)Dhanlaxmi Bank Right Issue: The private lender bank in an exchange filing informed the bourses that, the board of directors will meet on March 22, 2024, to consider an increase in the amount of the proposed ‘rights issue’ of Dhanlaxmi Bank. “Board of Directors of the Bank, scheduled to be held on Friday, March 22, 2024, may inter-a/ia,…
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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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Source: https://www.moneycontrol.com/
Sanjiv Bhasin | Sanjiv Bhasin portfolio: Sanjiv Bhasin on his 2 portfolio favourites and why he continues to be bullish on United Spirits
Sanjiv Bhasin, Director, IIFL Securities, says he continues to think that Dhanlaxmi Bank is one of the most attractive small midcap banks at Rs 1,100 crore market cap, which is in agri, gold and MSME, and which has no visible promoter with more than 2% stake. Indiabulls Real Estate is another stock he is gungho on,.He says you cannot get land bank values at market cap which is abysmal compared to where the land banks are. The merger with Embassy is just a matter of time and this stock can be re-rated. What are your thoughts on the liquor companies, given that we have got a note coming out from Macquarie on United Spirits and they believe that it is an underperformance rating, the market…
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