dhanlaxmi bank
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  • Banking Central | How powerful is RBI when it comes to Bank CEO appointments? Nov 16, 2020 08:02 AM IST

    Banking Central | How powerful is RBI when it comes to Bank CEO appointments?

    The Gurbaxani case, regardless of its outcome, will set a precedent in the banking sector.

  • Dhanlaxmi Bank Standalone September 2020 Net Interest Income (NII) at Rs 88.66 crore, down  11.91% Y-o-Y Nov 05, 2020 04:11 PM IST

    Dhanlaxmi Bank Standalone September 2020 Net Interest Income (NII) at Rs 88.66 crore, down 11.91% Y-o-Y

  • RBI asked me to be patient, regulator weighing all options, says former Dhanlaxmi CEO Gurbaxani Oct 26, 2020 05:38 PM IST

    RBI asked me to be patient, regulator weighing all options, says former Dhanlaxmi CEO Gurbaxani

    He was ousted by shareholders at the bank’s AGM on September 30. Gurbaxani’s ouster raises debate over whether the Companies Act supersedes the RBI Act, when it comes to banks.

  • After Gurbaxani sacking by shareholders, Dhanlaxmi Bank looks for a new MD & CEO Oct 14, 2020 10:10 AM IST

    After Gurbaxani sacking by shareholders, Dhanlaxmi Bank looks for a new MD & CEO

    At the September 30 AGM, shareholders had ousted Sunil Gurbaxani, the RBI-appointed MD&CEO with over 90 per cent votes polled turning against his appointment. Following this, the RBI appointed a CoD to take interim charge

  • Banking Central | Why is the RBI silent on LVB and Dhanlaxmi Bank? Oct 05, 2020 11:48 AM IST

    Banking Central | Why is the RBI silent on LVB and Dhanlaxmi Bank?

    The CEOs of both the banks were ousted by shareholders within days of each other in unprecedented moves. Both CEOs were appointed by the RBI. Should the regulator make the consent of shareholders mandatory before issuing appointment orders?

  • Exclusive | Ousted Dhanlaxmi CEO Sunil Gurbaxani says probe is warranted into issues leading to his exit Oct 02, 2020 01:27 PM IST

    Exclusive | Ousted Dhanlaxmi CEO Sunil Gurbaxani says probe is warranted into issues leading to his exit

    Sunil Gurbaxani says allegations of supporting the ‘north lobby’ are baseless and far from the truth. “No such lobby exists,” he tells Moneycontrol in an interview.

  • RBI appoints three-member committee of directors in Dhanlaxmi Bank Oct 01, 2020 08:01 PM IST

    RBI appoints three-member committee of directors in Dhanlaxmi Bank

    Moneycontrol first reported on Thursday morning that Dhanlaxmi Board has recommended a three-member committee of directors to the RBI.

  • Dhanlaxmi Bank’s board recommends 3-member committee of directors to RBI Oct 01, 2020 10:52 AM IST

    Dhanlaxmi Bank’s board recommends 3-member committee of directors to RBI

    The RBI is understood to have hinted that Sunil Gurbaxani should continue as a caretaker CEO but the board is not in favour of this suggestion.

  • Will wait for RBI directions before resigning, says Dhanlaxmi Bank’s ousted CEO Sunil Gurbaxani Sep 30, 2020 09:43 PM IST

    Will wait for RBI directions before resigning, says Dhanlaxmi Bank’s ousted CEO Sunil Gurbaxani

    Over 90 percent of the shareholders voted against Gurbaxani’s appointment on Wednesday while a tad above 9 percent voted in favour.

  • LVB redux: Dhanlaxmi Bank shareholders oust MD and CEO Sunil Gurbaxani Sep 30, 2020 03:41 PM IST

    LVB redux: Dhanlaxmi Bank shareholders oust MD and CEO Sunil Gurbaxani

    After last week's ouster of directors, including the interim CEO and statutory auditors, by shareholders of Lakshmi Vilas Bank, a similar event plays out at Kerala-based Dhanlaxmi Bank.

  • RBI appoints additional director on Dhanlaxmi Bank board Sep 29, 2020 07:36 PM IST

    RBI appoints additional director on Dhanlaxmi Bank board

    Dhanlaxmi Bank recently witnessed a series of exits from the Board including Chairman.

  • Rift at the top may reflect in Dhanlaxmi Bank’s AGM tomorrow Sep 29, 2020 04:46 PM IST

    Rift at the top may reflect in Dhanlaxmi Bank’s AGM tomorrow

    There is speculation that a section of Dhanlaxmi Bank shareholders could vote against the appointment of the CEO. Recently, a series of exits from the board had alerted RBI about the infighting at the top. The AGM could turn out to be quite a lively affair, a la Lakshmi Vilas Bank.

  • Employees’ Union AIBEA seeks RBI’s ‘urgent intervention’ in Dhanlaxmi Bank Sep 27, 2020 03:44 PM IST

    Employees’ Union AIBEA seeks RBI’s ‘urgent intervention’ in Dhanlaxmi Bank

    AIBEA General Secretary CH Venkatachalam raised concerns with regards to changes in the top management at the start of 2020 and in recent months

  • Dhanlaxmi Bank sacks senior executive after RBI directive Sep 21, 2020 12:30 PM IST

    Dhanlaxmi Bank sacks senior executive after RBI directive

    Banking regulator cites failure to adhere to good corporate governance practices. The Kerala-based bank has been in a state of flux due to a raft of exits from the board.

  • Dhanlaxmi Bank Standalone June 2020 Net Interest Income (NII) at Rs 79.06 crore, down  12.24% Y-o-Y Aug 04, 2020 09:15 AM IST

    Dhanlaxmi Bank Standalone June 2020 Net Interest Income (NII) at Rs 79.06 crore, down 12.24% Y-o-Y

  • Dhanlaxmi Bank Q1 profit tumbles 69% on higher bad loan provisioning Aug 03, 2020 07:40 PM IST

    Dhanlaxmi Bank Q1 profit tumbles 69% on higher bad loan provisioning

    The bank had registered a net profit of Rs 19.84 crore during the same quarter of the previous fiscal.

  • Three back-to-back senior level exits put spotlight back on Dhanlaxmi Bank’s endless Boardroom tussle Jul 07, 2020 03:22 PM IST

    Three back-to-back senior level exits put spotlight back on Dhanlaxmi Bank’s endless Boardroom tussle

    At least three people — two former senior executives and one serving board member—confirmed that the resignations at Dhanlaxmi Bank followed differences in the board on policy issues.

  • Dhanlaxmi Bank board-room tussle: Following chairman, two more members quit Jun 30, 2020 05:06 PM IST

    Dhanlaxmi Bank board-room tussle: Following chairman, two more members quit

    On Tuesday, K.N Murali, Independent Director and G. Venkatanarayanan, Additional Director resigned from the Board of the Bank with effect from June 29, 2020 citing personal reasons.

  • Dhanlaxmi Bank Chairman Sajeev Krishnan quits ahead of his term Jun 29, 2020 04:35 PM IST

    Dhanlaxmi Bank Chairman Sajeev Krishnan quits ahead of his term

    According to people familiar with the development, Krishnan resigned from the bank ahead of his term on account of differences with the management.

  • Dhanlaxmi Bank Standalone March 2020 Net Interest Income (NII) at Rs 85.54 crore, down  1.67% Y-o-Y Jun 24, 2020 09:53 AM IST

    Dhanlaxmi Bank Standalone March 2020 Net Interest Income (NII) at Rs 85.54 crore, down 1.67% Y-o-Y

  • Dhanlaxmi Bank Q4 profit falls over 90% at Rs 3 crore Jun 22, 2020 06:21 PM IST

    Dhanlaxmi Bank Q4 profit falls over 90% at Rs 3 crore

    The bank's provisions for bad loans and contingencies were raised substantially to Rs 56.89 crore during March quarter as against Rs 16.27 crore parked aside for the year-ago same period.

  • Dhanlaxmi Bank MD & CEO Sunil Gurbaxani takes charge Feb 27, 2020 08:27 PM IST

    Dhanlaxmi Bank MD & CEO Sunil Gurbaxani takes charge

    Gurbaxani has been appointed as MD&CEO of the bank for a period of three years from the date of taking charge pursuant to RBI approval, it said.

  • Dhanlaxmi Bank shares surge 19% after RBI approves appointment of MD Feb 24, 2020 01:35 PM IST

    Dhanlaxmi Bank shares surge 19% after RBI approves appointment of MD

    Dhanlaxmi Bank was removed from the RBI PCA framework, subject to certain conditions and continuous monitoring.

  • RBI clears appointment of Sunil Gurbaxani as Dhanlaxmi Bank MD Feb 20, 2020 09:23 PM IST

    RBI clears appointment of Sunil Gurbaxani as Dhanlaxmi Bank MD

    Dhanlaxmi Bank was removed from the RBI PCA framework, subject to certain conditions and continuous monitoring, as the bank is found to be not breaching any of the risk thresholds of the framework.

  • Dhanlaxmi Bank Standalone December 2019 Net Interest Income (NII) at Rs 96.90 crore, up  6.23% Y-o-Y Feb 07, 2020 11:40 AM IST

    Dhanlaxmi Bank Standalone December 2019 Net Interest Income (NII) at Rs 96.90 crore, up 6.23% Y-o-Y

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