Dhanlaxmi Bank Limited

Dhanlaxmi Bank Ltd has appointed Mr. T.V Rao as an Additional Director (Non-Executive Independent Director) to its Board, effective September 01, 2026. The appointment was made during a Board of Directors meeting held on August 07, 2026. Mr. Rao brings over 35 years of experience as a career Central Banker with the Reserve Bank of India (RBI), specializing in bank regulation, supervision, compliance, and financial inclusion. He will hold the position for a period of 3 years, subject to shareholder approval. The bank confirmed Mr. Rao is not debarred from holding such an office.

Dhanlaxmi Bank Ltd announced the appointment of Mr. Rajan T.K as an Additional Director (Non-Executive Independent category) to its Board. The appointment is for a period of 5 years, effective July 29, 2026. The bank will seek shareholder approval for this appointment. Mr. Rajan T.K brings extensive experience from his over 34 years with the Reserve Bank of India, where he held significant roles in banking supervision, cyber and IT risk management, and represented RBI in national and international committees. The bank affirmed that Mr. Rajan T.K is not debarred from holding office by any regulatory authority.

Dhanlaxmi Bank Ltd announced the re-appointment of Shri. Rajan Sleeba as Head of Human Resources. The Board of Directors approved this decision during their meeting on July 29, 2026. The re-appointment is effective from August 11, 2026, and will be for a period of two years. Shri. Sleeba brings over 40 years of experience in the banking sector, with 21 years at Dhanlaxmi Bank, having worked in various capacities including Credit, Branch Banking, and Human Resources. He holds a Master of Laws (LLM) and has passed CAIIB.

Dhanlaxmi Bank's standalone net profit for Q1 FY27 came in at ₹24.91 Cr, up 104.5% year-on-year from ₹12.18 Cr, on interest income of ₹449.36 Cr (+22.2% YoY). Net Profit Margin expanded to 5.14% from 2.99% a year ago and Operating Margin to 10.62% from 8.18%, helped by provisions falling 24.6% YoY to ₹15.91 Cr and a sharp improvement in asset quality — Gross NPA down to 1.82% from 3.22% and Net NPA to 0.47% from 1.13% a year earlier, with provision coverage at 92.77%. Capital adequacy (CRAR) also improved to 19.19% from 18.26% YoY. Sequentially, however, profit fell 42.7% from ₹43.49 Cr in Q4 FY26 and both margins compressed (NPM from 8.49%, OPM from 22.19%). The driver is opex, not income: total income was roughly flat QoQ (-5.5% at ₹484.25 Cr vs ₹512.34 Cr) while operating expenses excluding provisions rose to ₹432.80 Cr, pulled up by employee cost jumping 30.9% QoQ to ₹92.98 Cr from ₹71.04 Cr — this nearly halved pre-provision operating profit to ₹51.45 Cr from ₹113.67 Cr. Reported PAT growth of 104.5% YoY also trails the 191.8% rise in PBT because Q1 FY26 carried no tax charge (deferred-tax benefit) whereas this quarter's effective tax rate normalized to about 30%; on a pre-tax basis the underlying operating improvement is larger than the PAT line alone suggests. Management gives no formal quarterly guidance or outlook on record, and no prior earnings-call commentary is available in our records to check this print against; a web search turned up no dedicated brokerage consensus estimate for this specific quarter for Dhanlaxmi Bank, so the print cannot be benchmarked against street numbers either. The bank's own July 1 business update — total business up 21.12% YoY to ₹35,188 Cr, led by a 75.91% surge in gold loans — is consistent with the topline growth seen here. The quarter also saw a new CFO (Krishnakumar K) and a new Chief Vigilance Officer take charge, transitions that do not bear directly on this result.

Dhanlaxmi Bank Ltd has announced the appointment of Mr. Krishnakumar. K as its new Chief Financial Officer (CFO). He officially took charge of his new role on July 10, 2026. This appointment is in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The bank previously communicated its intention to make this appointment on June 15, 2026. The market will be watching for the impact of this new leadership on the bank's financial strategy and performance.

Dhanlaxmi Bank Ltd has announced the appointment of Mr. Gopalakrishnan V.N as its new Chief Vigilance Officer (CVO). The appointment was approved by the Board of Directors via a resolution by circulation on July 6, 2026. Mr. Gopalakrishnan V.N will serve for a term of three years, commencing from his joining date of July 13, 2026. He brings over 40 years of extensive banking experience from institutions like ESAF Small Finance Bank, Federal Bank Limited, and EXIM Bank, with significant expertise in vigilance, fraud prevention, risk management, and core banking operations. He holds an MBA, a Bachelor in Law degree, and is a Certified Associate of the Indian Institute of Bankers (CAIIB).

Dhanlaxmi Bank Ltd has reported significant year-on-year growth for the quarter ended June 30, 2026. Total business surged by 21.12% to ₹35,188 crore. Total deposits grew 17.10% to ₹19,403 crore, with CASA increasing by 19.55% to ₹5,589 crore. Gross advances saw a substantial rise of 26.47% to ₹15,785 crore. Notably, gold loans experienced a remarkable 75.91% growth, reaching ₹7,105 crore, and MSME lending increased by 29.24% to ₹2,250 crore. The data is provisional and subject to auditor review.

Dhanlaxmi Bank Ltd has announced the closure of its trading window for dealing in the bank's securities. This closure will be effective from July 01, 2026, and will remain in effect until 48 hours after the declaration of the financial results for the quarter ended June 30, 2026. The decision aligns with SEBI (Prohibition of Insider Trading) Regulations, 2015, and restricts trading for directors, designated persons, insiders, and connected persons to prevent potential insider trading activities.

Dhanlaxmi Bank Ltd announced the appointment of Mr. Krishnakumar. K as its new Chief Financial Officer (CFO) for a period of three years, succeeding Ms. Kavitha T.A. The Board of Directors approved this change during their meeting on June 15, 2026. Mr. Krishnakumar. K brings extensive experience, having served as CFO of ESAF Financial Holdings Pvt Ltd and holding significant roles in financial reporting and taxation at Federal Bank Ltd for over two decades. His appointment is effective from the date he assumes charge, which will be communicated later. The Board meeting also covered other undisclosed business matters.

Mr. Balasubramanian A.D. has completed his tenure as Chief Vigilance Officer of Dhanlaxmi Bank Ltd on May 24, 2026, according to a regulatory filing under SEBI guidelines. The cessation is due to the completion of his tenure. Other disclosures regarding relationships with directors are not applicable.