· Undertakes ‘giving back to the society’ in
itiatives across the country
· Announces scholarships for 10 mer
itorious students every year
Mumbai, November 14, 2011: Dhanlaxmi Bank, one of
’s fastest growing mid-size private sector banks, today celebrated India its 84 years of glorious success, service, trust and comm itment. The bank entered into its 85th year of operations commemorating the vision of the founders by undertaking special in itiatives themed ‘giving back to the society’ across the country.
Celebrating the eight decades of strong existence, the bank conducted social drives focusing on health, environment, serving the less fortunate and spreading general well-being among the masses during the Founders’ Week from November 8th to 14th, 2011.
Employees spanning all branches arranged diabetes awareness, blood donation and medical camps where free cholesterol and thyroid tests were conducted. Supporting wholeheartedly the concept of saving the environment, employees distributed seeds and planted sufficient number of saplings. Realizing the importance of health, yoga camps and cleanliness awareness drives were arranged at prominent locations across the country. Furthermore, employees devoted their time and energy vis
iting old age homes and orphanages where clothes were donated, books were read and children were taught.
Speaking on the occasion, Mr. Am
itabh Chaturvedi, Managing Director & Chief Executive Officer, Dhanlaxmi Bank, said: “W ith the mission to carry forward the legacy and vision as laid down by the founders, we aim to give back to the society that has nurtured us by doing small deeds of kindness. Taking forward the concept, Dhanlaxmi Bank will award two-year scholarships to 10 deserving students every year.”
The bank will be sponsoring the students who have successfully graduated from Thrissur Management Association (TMA) in Kerala by honoring each of them w
ith a cash prize of Rs. 50,000/- per annum.
About Dhanlaxmi Bank:
Dhanlaxmi Bank is an 84-year old bank, being incorporated in 1927 at Thrissur, Kerala. In the last three years,
it has transformed into a well diversified bank w ith a pan-India presence from being an SME focused South based bank. W India ith a network of 275 branches and 460 ATMs covering 160 centers across 14 states, the bank services a broad customer base of 1.6 million. The bank provides a su ite of banking products and services to its customers across Retail Banking, Wholesale Banking, Microfinance and Agricultural Lending and Small and Medium Enterprises Group.
During the last three years, Dhanlaxmi Bank’s total depos
its increased from Rs.3,936 crore as on September 30, 2008 to Rs. 13,815 crore as on September 30, 2011, advances rose from Rs. 2,490 crore as on September 30, 2008 to Rs. 10,130 crore as on September 30, 2011. The bank’s total business stood at Rs. 23,945 crore, as on September 30, 2011 w ith total asset base at Rs. 16,452 crore.
The shares of the bank are listed on the Bombay Stock Exchange Lim
ited, the National Stock Exchange of India Lim ited and the Cochin Stock Exchange.