Dhanlaxmi Bank reports 7% growth in total deposits to Rs11,700cr on March 2021; Stock climbs 1%

Gross Advances for March 2021 stood at Rs7121.94cr as compare to Rs6798.89cr in March 2020, representing a growth of 4.75%yoy.

Apr 09, 2021 12:04 IST India Infoline News Service

Dhanlaxmi Bank has announced on Wednesday their quarterly updates with respect to Bank's Deposits, Advances and other information for the quarter year ended 31st March 2021.
The Company states that  their total deposits jumped 7.29%yoy to Rs11,699.15cr as on 31st March 2021 compared with Rs10,904.07cr as on 31 March 2020.
Gross Advances for March 2021 stood at Rs7121.94cr as compare to Rs6798.89cr in March 2020, representing a growth of 4.75%yoy.
Gold Loan increased by 48.13%yoy to Rs1,883.07cr in Q4 March 2021 from Rs1,271.26cr in Q4 March 2020. Gold Loan in Q3 December stood at Rs1,781.93cr.

CASA ratio improved to 33.40% at the end of 31 March 2021, as against 32.30% as on 31st December 2020 and 29.80% at the end of 31st March 2020.
On Friday trading session, at around 12:35 PM, Dhanlaxmi Bank was trading at Rs15.15 per piece higher by Rs0.16 or 1.07% on Sensex.

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