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Dhanlaxmi Bank
BSE: 532180|NSE: DHANBANK|ISIN: INE680A01011|SECTOR: Banks - Private Sector
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Company History - Dhanlaxmi Bank
YEAR                       EVENTS
 1927 - The Dhanalakshmi Bank Limited (DBL) was incorporated.  It
 took
        banking business of all kinds.
 
 1991 - 2,30,000 shares issued.
 
 1992 - The Bank opened a branch at Veerappan Chatram.  It also
 opened
        an Extension Counter at Hyderabad; Our Extension Counter at
        Nanthencode, Trivandrum was upgraded to a full fledged
 branch.
 
      - On 22nd April, the bank opened a branch at Peelamedu.
 
      - 3,50,000 shares issued to the public.
 
 1993 - Modernisation has begun in the Bank with the inauguration of
 EDP
        Section in the Central Office on 28-01-'93. Computer support
 has
        been extended to all the three Regional Offices also.
 
      - Computer supported banking will be introduced in several
 selected
        branches during the course of the year 1993-'94.  Some of the
        branches will be provided with on-line computer facilities.
        Efforts are also on to build up in house expertise in
 software
        development.
 
 1994 - Rights equity shares issued at a prem. of Rs 25 per share.
 
 1995 - The Bank has co-managed 5 issues, participated in 60 public
        issues in the capacity of Bankers to the Issue and extended
        underwriting support to 104 Public Issues.
 
      - The the Bank has entered in the field of project appraisal. 
        Requests for 26 bridge loans were also entertained.
 
      - New branches of the bank were opened at Chevarambalam
 (Kozhikode
        Dist.), Ponnani (Malappuram Dist.) and Muvattupuzha
 (Ernakulam
        Dist.).
 
      - 80,00,000 No. of equity shares of Rs 10 each issued at a prem.
 of
        Rs 40 per share.
 
 1996 - The bank had offered 80 lacs equity shares of Rs.10/- each at
 a
        premium of Rs.40/- on each share  aggregating to Rs.40 crores.
 
 
      - The bank entered into leasing business.
 
      - New branches of the bank were opened at Karur (Tamilnadu),
        Dasarahalli (Bangalore), Chembur Mumbai (Maharashtra), T.
 Nagar
        Chennai (Tamilnadu) and Valancherry (Kerala).
 
      - 82,35,545 No. of equity shares of Rs 10 each issued at a prem.
 of
        Rs 40 per share allotted through public issue.
 
 1997 - The bank is celebrating the 70th year of service to the
 nation.
        The Bank's corporate philosophy is `service to the poor and
        needy'.
 
      - The Bank opened five more branches during the year at Surat,
        Ahmedabad, Fort Mumbai, Service Branch at Chennai and
 Industrial
        Finance Branch at Kochi.  The Bank also opened five Extension
        Counters including the one at Guruvayur.
 
      - 11 branches were fully computerised during the year thereby
        totalling the fully computerised branches to 26.  Back offices
 of
        five branches were also computerised.
 
      - The Investment Information and Credit Rating Agency has rated
 the
        bank's bond issue with a `LA' rating , indicating adequate
        safety.
 
      - The Trichur-based Dhanalakshmi Bank has been granted a
        full-fledged foreign exchange licence by the Reserve Bank of
        India (RBI).
 
        The bank had made a public issue of 80,00,000 equity shares
 of
        Rs.10 each at a premium of Rs.40 per share in February, 1996.
        Prior to the public issue, the shares of the bank were spread
        over 18,000 shareholders.
 
 1998 - Dhanalakshmi Bank has launched two new deposit schemes --
        Dhanam Plus and Dhanam Double Plus -- in Bangalore.
 
      - The bank had offered 82 lakh shares at a premium of Rs. 40
 per
        share through the public issue.
 
 1999 - DHANALAKSHMI Bank, which has computerised 70 per cent of its
        business transactions, is now globally accessible on the
        Internet and can be visited at http://www.dhanbank.com, an
        official release from the bank has said.
 
      - THE Dhanam Kisan card will be launched by Dhanalakshmi Bank
 on
        October 28.
 
      - Thrissur-based Dhanalakshmi Bank proposes to introduce
        Web-based banking services in the new millennium.
 
 2000 - The new rates for domestic deposits had become effective April
 22
        and for NRE/NRNR deposits from May 1.
 
      - The Kerala-based Dhanalakshmi Bank has received clearance
 from
        the RBI to allot shares on a pro rata basis to the subscribers
 of
        its public issue held in 1996.
 
      - The Bank has opened seven-day banking in select branches in   
   
        Thiruvananthapuram, Ernakulam and Bangalore.
 
 2001
 
 --Dhanalakshmi Bank inaugurated its first ATM Centre in Chennai at
 Anna Nagar on August 23
 
 --Dhanalakshmi Bank has opens its first ATM in bangalore
 
 2002
 -Dhanalakshmi Bank introduces  new home loan scheme called Dhanam
 platinum jubilee home loan advantage
 
 -The Dhanlakshmi Bank Ltd has fixed February 16, 2002 as the record
 date for the purpose of issue of four equity shares of Rs 10/- each
 at a premium of Rs 5/- per share on rights              basis for
 every three existing equity shares held.
 
 -Ties up with MetLife India to distribute life insurance products of
 MetLife India
 
 2003
 -Dhanalakshmi Bank sets up 3 branches in Thrissur
 -Unveils co-branded product DhanLife with MetLife India, makes foray
 into insurance
 
 -Ties up with United India Insurance Co. in order to market insurance
 products via all the bank's branches
 
 -Mr B Muthuswamy, Managing Director and CEO has resigned and the
 charge handed over to Mr K A Menon, Executive Director.
 
 -Dhanalakshmi Bank inaugurates its Mumbai Treasury Department on Oct
 29
 
 - Dhanalakshmi Bank has taken over a 18,000 square feet property of
 Pentasoft Technologies under Securitisation Act
 
 2004
 
 -Dhanalakshmi Bank introduces new bill payment services
 
 -Dhanalakshmi Bank takes possession of part of Devaki Hospital
 
 -Dhanalakshmi Bank unveils new loan scheme for 2 wheelers
 
 -Dhanalakshmi Bank Ltd has informed that Sri TR Madhavan has been
 appointed as its Managing Director & Chief Executive Officer at the
 Board Meeting held on February 23, 2004.
 
 - Launches  heath insurance scheme in association with United India
 Insurance company
 
 -Delist from Madras Stock Exchange (MSE) with effect from September
 7, 2004
 
 2005
 
 -Dhanalakshmi Bank joins IDRBT managed ATM network
 
 -Dhanalakshmi Bank inks rupee-drawing agreement with Oman firm
 
 -Dhanalakshmi Bank appoints Mr Prasad as new CEO
 
 -Dhanalakshmi Bank unveils new housing loan product
 
 2007
 
 -Dhanalakshmi Bank Ltd has appointed Mr. K Srikanth Reddy as
 Additional Director, at the Board meeting held on October 29, 2007.
 
 2008
 
 - Dhanalakshmi Bank Ltd has appointed Mr. S Santhanakrishnan as
 Additional Director, at the Board meeting held on June 30, 2008.
 
 -The company has issued rights in the ratio of 1:1 at a premium of
 Rs. 52/-Per Share.
 
 -Dhanlaxmi Bank Ltd Issues Rights in the Ratio of 1:1
 
 2009
 
 - Dhanalakshmi Bank has appointed Mr Bipin Kabra as Chief Financial
 Officer (CFO), who has over 16 years of experience in financial
 services industry. His past assignments include stints in ICICI as
 well as SBI and Reliance group. Prior to joining the Dhanalakshmi
 Bank, he was associated with Zee group. He has spent considerable
 period in banking, insurance, merchant banking and treasury.
 
 - Dhanalakshmi Bank Ltd has informed that Mr. Ghanshyam Dass and Mr.
 Sateesh Kumar Andra have been appointed as Director liable to retire
 by rotation at the Annual General Meeting of the Bank held on July
 31, 2009.
 
 - Thrissur Dhanalakshmi Bank has unveiled a mini dairy funding
 project in the Idukki district of Kerala and has plans to start a
 similar project in Tamil Nadu in two weeks' time.
 
 - Dhanalakshmi Bank forged an alliance with rating agency CRISIL In
 order to introduce CRISIL SSI/SME rating for over 500 of its small
 and medium enterprise (SME) customers,
 
 2010
 
 - Dhalaxmi Bank Launches Mobile Banking.
 
 - Dhanlaxmi Bank Opens 2 ATMs in Goa
 
 - Dhanlaxmi Bank raises Rs.380 cr through QIP.                       
               
 
 - Dhanlaxmi Bank signs MOU with Government of Karnataka.
 
 - Dhanlaxmi Bank rolls out 151 more ATMs.
 
 -Company has changed its name from Dhanalakshmi Bank Ltd. to
 Dhanlaxmi Bank Ltd.                                                  
      
                                                     
 2011
 
 - Dhanlaxmi Bank launches gift card.
 
 - Dhanlaxmi Bank opens branch in Bareilly.
 
 - Dhanlaxmi Bank introduces 300-day deposit.
 
 - Dhalaxmi Bank Launched a Forex Card - A Foreign Currency
 Denominated, Re - Loadable, Prepaid Card.
 
 - Dhanlaxmi Bank launches the second series of gold coins.
 
 2012
 
 - Dhanlaxmi Bank starts silver retail business.
 
 - Shri P. G. Jayakumar has been appointed as Managing Director and
 CEO of the Bank w.e.f. May 18, 2012.
 
 - Dhanlaxmi Bank raises NRE rates again, this time by 235bps.
 
 - Dhanlaxmi sees positive balance sheet this year.
Source : Dion Global Solutions Limited
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