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Provisions and contingencies have increased by 422% to Rs22.40cr in Q2FY22.
Dhanlaxmi Bank said "Bank is taking necessary steps for smooth functioning of Bank's Branches/Offices on the day of proposed strike."
RBI has mentioned that this action is based on the deficiencies in regulatory compliance.
Gross Advances for March 2021 stood at Rs7121.94cr as compare to Rs6798.89cr in March 2020, representing a growth of 4.75%yoy.
The credit rating agency has also given a stable outlook to the Bank's bonds.
Key changes were made in the top management during the 93rd annual general meeting (AGM).
Dhanlaxmi's MCLR for 1-year tenor stands at 9%, while for a period up to 6 months, the rate is set at 8.90%.
In Q4FY20, the bank's net profit squeezed to merely Rs2.60cr compared to Rs27.61cr in Q4FY19.
Sunil Gurbaxani has been appointed as Managing Director & CEO of the Bank for a period of three years from the date of taking charg
The RBI on Thursday has approved the appointment of Sunil Gurbaxani as Managing Director & CEO of the Bank for a period of three ye
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