Key Metrics of Dhanlaxmi Bank
About Dhanlaxmi Bank
Outlets operated by Dhanlaxmi Bank.
Sectors
Company details
- Website
- dhan.bank.in
- Founded
- 1927
- Registered office
- Dhanalakshmi Bank Building, Naickanal, Trichur, In-kl, 680001
- Listed
- NSE: DHANBANK · ₹31.24
Operational Areas of Dhanlaxmi Bank
Company summary
Entity details
Compliance
Industry classification
Financials, ratios and risk analysis
Revenue, EBITDA, net profit, net worth, debt and assets for every filing year, 15+ ratios, the financial health score, shareholding, charges and peer comparison are part of the premium plan.
Sign in to continue See plans & pricingFiling compliance
Due dates follow the Companies Act: AGM within six months of the year end, AOC-4 within 30 days and MGT-7 within 60 days of the AGM. A filing made but not yet uploaded here shows as pending.
Vendor checks & payment capacity
Sign in with access to company financials to review vendor evidence.
Credit ratings
Rating history
Rating actions
| Date | Agency | Action | Long term | Short term | Outlook | Rated amount | Rationale |
|---|---|---|---|---|---|---|---|
| 19 Aug 2026 | ICRA | Reaffirmed | BBB- | A3 | Stable | ₹20,250 Cr | View |
| 24 Mar 2026 | ICRA | Reaffirmed | BBB- | — | Stable | ₹150 Cr | View |
| 01 Jul 2025 | CARE | Other | — | — | — | — | View |
| 19 Dec 2024 | CARE | Reaffirmed | BB+ | — | Stable | ₹150 Cr | View |
| 21 Dec 2023 | CARE | Reaffirmed | BB+ | — | Stable | ₹150 Cr | View |
| 22 Dec 2022 | CARE | Other | — | — | — | — | View |
| 24 Dec 2021 | CARE | Other | — | — | — | — | View |
| 28 Dec 2020 | CARE | Other | — | — | — | — | View |
| 03 Jan 2020 | CARE | Reaffirmed | BB+ | — | Stable | ₹178 Cr | View |
| 04 Jan 2019 | CARE | Reaffirmed | BB+ | — | Stable | ₹378 Cr | View |
Credit strengths (ICRA, Aug 2026)
+ Longstanding track record and established presence in South India
Dhanlaxmi has an operational track record of more than 97 years and has established a retail franchise in southern India.
+ Comfortable capitalisation profile
The bank reported comfortable capitalisation ratios (excluding interim profits) with a Tier I capital ratio and a capital-to-risk weighted assets ratio (CRAR) of 16.74% (Rs. 1,410 crore) and 19.19% (Rs. 1,616 crore), respectively, as on June 30, 2026.
Credit challenges
− Modest profitability
While Dhanlaxmi has remained profitable since FY2019, its profitability metrics continue to be weak.
− Small scale of operations
Dhanlaxmi has a small scale of operations with a net loan book of Rs. 15,572 crore as on June 30, 2026, translating into a loan book market share of 0.2%.
− Asset quality remains monitorable
Dhanlaxmi reported a manageable fresh NPA generation rate (annualised) of 0.48% in Q1 FY2027 (1.51% in FY2026, 1.53% in FY2025).
Could lead to an upgrade
ICRA could upgrade the ratings if the bank is able to increase its scale of operation s meaningfully while improving its profitability and maintaining adequate capital cushions over the regulatory levels on a sustained basis.
Could lead to a downgrade
ICRA could downgrade the ratings on weakening in the earnings profile and/or a sustained decline in the capital cushions to less than 2% in relation to the Tier Ior CRAR regulatory levels. 1 SMA is defined as a special mention account (SMA), which is an account exhibiting signs of incipient stress resulting in the borrower defaulting in the timely servicing of their debt obligations though the account has not yet been classified as an NPA as per the extant RBI guidelines; SMA-1 accounts are overdue by 31-60 days while SMA-2 accounts are overdue by 61-90 days www.icra .in Sensitivity Label : Pu
Agency-reported financials (ICRA, 19 Aug 2026)
| Metric | FY2025 | FY2026 | Q1 FY2027 |
|---|---|---|---|
| Total income | ₹652 Cr | ₹815 Cr | ₹213 Cr |
| Profit after tax | ₹67.00 Cr | ₹103 Cr | ₹25.00 Cr |
| Total assets | ₹17,778 Cr | ₹21,073 Cr | ₹21,961 Cr |
| CET I/Tier I | 15.3% | 16.1% | 16.7% |
| CRAR | 16.1% | 18.9% | 19.2% |
| PAT/ATA 0.40% 0.53% 0.46%^ | 0.4% | 0.5% | — |
| Gross NPA | 3.0% | 1.9% | 1.8% |
| Net NPA | 1.0% | 0.5% | 0.5% |
| Revenue growth (YoY) | — | 25.0% | — |
| PAT margin | 10.3% | 12.6% | 11.7% |
Borrowings & rated debt
Rated limits over time
Facility mix
Maturity ladder
Rated facilities
| Facility | Type | Previous | Current | Change | Rating | Action | Agency |
|---|---|---|---|---|---|---|---|
| Basel III Tier II bonds | Subordinated debt | ₹150 Cr | ₹150 Cr | 0.0% | BBB- (Stable) | Reaffirmed | ICRA |
| Certificates of deposit | Fixed deposits | — | ₹100 Cr | — | A3 | Assigned | ICRA |
| Fixed deposit -+ | Fixed deposits | — | ₹20,000 Cr | — | BBB- (Stable) | Assigned | ICRA |
Debt instruments
| ISIN | Instrument | Type | Coupon | Issued | Maturity | Amount | Rating | Status |
|---|---|---|---|---|---|---|---|---|
| INE680A08099 | — | Subordinated debt | 10.50% | 06 Apr 2025 | 06 Apr 2035 | ₹150 Cr | BBB- | Outstanding |
| — | Bonds Lower Tier II | Subordinated debt | — | 20 Dec 2018 | 20 Dec 2025 | ₹0 | BB+ | Withdrawn |
| INE680A08081 | — | Subordinated debt | — | 29 Mar 2018 | 28 Mar 2025 | ₹0 | — | Withdrawn |
| — | Tier II Bonds | Subordinated debt | — | 29 Mar 2018 | 28 Mar 2025 | ₹150 Cr | BB+ | Withdrawn |
| — | Lower Tier II Bonds | Subordinated debt | 11.95% | 20 Jul 2012 | 20 Jul 2019 | ₹14.2 Cr | BB | Matured |
| — | Lower Tier II Bonds | Subordinated debt | 11.95% | 20 May 2012 | 19 May 2019 | ₹3.70 Cr | BB+ | Matured |
CARE ratings on record (checked 26 Oct 2026)
| Instrument | Amount | Rating |
|---|---|---|
| Lower Tier II | — | Withdrawn |
| Tier II Bonds | — | Withdrawn |
| Upper Tier II | — | Withdrawn |
Credit assessment · Banks
Rating Methodology – Banks (Mar 2025) · Standalone accounts · FY 2025-26
Ratios, pillar scores and the indicative rating are part of Premium.
Instrument ratings
| Instrument | Type | Rated | Per criteria | Basis |
|---|---|---|---|---|
| Basel III Tier II bonds | Basel III Tier II | BBB- ICRA | BB+1 notch higher than criteria | senior − 1 |
| Certificates of deposit | Fixed deposits | — ICRA | BBB- | Tier II + 1 |
| Fixed deposit -+ | Fixed deposits | BBB- ICRA | BBB- | Tier II + 1 |
| Subordinated debt | Subordinated debt | BBB- ICRA | BBB- | senior − 0 |
| Unplaced days | Fixed deposits | A ICRA | BBB-4 notches higher than criteria | Tier II + 1 |
| Basel III Tier II bonds April April ^ | Basel III Tier II | BBB- ICRA | BB+1 notch higher than criteria | senior − 1 |
| Tier-II Bonds (Basel III) | Basel III Tier II | BB+ CARE | BB+ | senior − 1 |
| Tier II Bonds Basel III | Basel III Tier II | BB+ CARE | BB+ | senior − 1 |
Rating status
| Default | No default on record |
| Issuer cooperation | Cooperating |
| Credit enhancement | None – standalone rating |
| Next action stable or better (model) | 62% |
| Information on file | 56% · missing: Liquidity position, Debt obligations and repayment schedule, Capex / investment plans, Auditor details |
Indicative assessment from public data using the published methodology factors; not a credit rating.
Borrowing & funding lifecycle
- Credit outlook model: 60% chance the next rating action is stable or better
- Current rating BBB- (investment grade)
Rated limits by facility
Timeline
From the report
The ratings also take note of the bank’s comfortable capitalisation profile for its current scale of operations, which had improved following the capital raise of Rs. 292 crore in February 2025 via a rights issue.
From the report
The rating also takes note of the bank’s comfortable capitalisation profile for its current scale of operations, which had improved following the capital raise of Rs. 297.5 crore in February 2025 via a rights issue.
From the report
With the resolution of legal issue, the board is currently compliant and bank has passed the resolution for rights issue aggregating to ₹130 crore on September 29, 2023.
From the report
Bank has also disbursed ECLGS loans aggregating to Rs.150 crore which stood at 2 % of gross advances as on September 30, 2021 and Net stressed Assets (Standard restructured asset + Security receipts outstanding + NNPA) to Net worth stood at 72% as on March 30, 2021 as against 38% as on March 31, 2020.
Lender names, bank charges and audited borrowings are part of Premium.
Built from MCA charges, ICRA/CARE rating reports and audited accounts. The borrowing view is an estimate, not a lender's credit decision.
Registered office and contact
Directors and key people
Directors are read from the MGT-7 annual return and AOC-4 signatories.
Competitors of Dhanlaxmi Bank
Top competitors by location
| Company | Description | Domain | Founded | Location |
|---|---|---|---|---|
 HDFC Bank |
Outlets operated by HDFC Bank. | hdfc.bank.in | 1994 | India |
 ICICI Bank |
Outlets operated by ICICI Bank. | icici.bank.in | — | India |
 State Bank of India |
Outlets operated by State Bank of India. | sbi.bank.in | 1955 | India |
| Outlets operated by Bank of Baroda. | bankofbaroda.bank.in | 1908 | India | |
 Axis Bank |
Outlets operated by Axis Bank. | axis.bank.in | 1990 | Ahmedabad, India |
 Punjab National Bank |
Outlets operated by punjab national bank. | pnb.bank.in | 1894 | India |
 Canara Bank |
Outlets operated by Canara Bank. | canarabank.com | 1906 | Mumbai, India |
 Union Bank of India |
Outlets operated by Union Bank of India. | unionbankofindia.bank.in | 1919 | India |
| Outlets operated by Bank of India. | bankofindia.bank.in | 1906 | Mumbai, India | |
| Outlets operated by Kotak Mahindra Bank. | kotak.bank.in | 1985 | Mumbai, India |
Similar companies
Charges (secured borrowings)
0 registered charges. Lenders, amounts and dates are part of the premium plan.
Statutory auditors
Auditors are read from the AOC-4 auditor's report section.
Business activities and related parties
financial sector
Filings
No filings on record yet.