DHANLAXMI BANK FINANCIAL RESULTS - F.Y. 2020-21

Dhanlaxmi Bank has recorded an annual operating profit of Rs.105.09 Crs and Net profit of Rs.37.19 Crs for the financial year ended 31st March 2021.

Performance Highlights

The Bank recorded a net profit of Rs.5.28 Crs during Q4 of the FY 20-21 as against net profit of Rs. 2.60 Crs of the corresponding quarter of the Previous FY 19-20.

Total business of the Bank reached Rs. 18834 Crs as on 31st March 2021 from Rs. 17703 Crs as on 31st March 2020, registering growth of 6.39%.

Deposits recorded a growth of 7.41% to reach Rs.11712 Crs as on 31st March 2021 from Rs. 10904 Crs as on 31st March 2020. CASA deposits grew by 20.28% during the year and reached Rs.3908 Crs as on 31.03.2021 which was Rs.3249 Crs as on 31.03.2020. CASA to Total deposits as on 31.03.2021 has increased to 33.37%.

Gross Advances reached Rs.7122 Crs as on 31st March 2021 from Rs. 6799 Crs registering growth of 4.75%. Retail advance grew by 19.91% to reach Rs. 3608 Crs as on 31.03.2021.

Gold Loan portfolio of the Bank stood at 26.14% of advances, registering a growth of 46.61% on YOY basis

Non-interest income of the Bank increased to Rs. 141.48 Crs as on 31st March 2021 from Rs. 112.85 Crs as on 31st March 2020, registering a growth of 25.37%.

Cost of Deposits has been reduced from 5.60% to 5.17% Cost of Funds has been reduced from 5.73% to 5.28% CRAR improved to 14.47% in FY 2020-21 against 14.41% during the Previous Year 2019-20

Book Value of the Shares stands at Rs.34.15 as on 31.03.2021. Bank would continue its focus on CASA, Retail advances including gold loans, Non-interest income and NPA recovery during the current year.