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Private sector lender Dhanlaxmi Bank Ltd on Wednesday (March 19) said its board of directors has approved the issuance of unsecured non-convertible debentures in the form of Basel III compliant tier-II bonds of up to ₹150 crore. "This is to inform you that the Board of Directors of the Bank at its meeting held on March 19, 2025 inter-alia considered and approved the proposal for the issue of unsecured non-convertible debentures in the form of Basel III compliant Tier-II Bonds of ₹1,00,00,000 (one crore) each, up to a maximum of Rs 150 Crores, with a tenure of 10 years on a private placement basis," Dhanlaxmi Bank said in a regulatory filing. Also Read: Dhanlaxmi Bank Q2 net profit climbs 11.
4% to ₹25.8 cr, shares surge nearly 6% The bonds, with a face value of ₹1 crore each, will be issued on a private placement basis with a tenure of 10 years. The board also approved the general information document, key information document, and term sheet for the proposed issue.
Q3 boost Dhanlaxmi Bank reported a 563.33% year-on-year (YoY) spike in net profit at ₹19.9 crore for the third quarter that ended December 31, 2024.
In the corresponding quarter of the previous fiscal, Dhanlaxmi Bank posted a net profit of ₹3 crore. Net interest income (NII) increased 12.5%, coming at ₹128.
3 crore against ₹114 crore in the corresponding quarter of FY24. The gross non-performing asset (GNPA) stood at 3.53% in the December quarter against 3.
82% in the September quarter. Net NPA (NNPA) came at 0.86% against 1.
12% quarter-on-quarter. Also Read: Dhanlaxmi Bank rights issue price set at ₹21 per share - Check full details Shares of Dhanlaxmi Bank Ltd ended at ₹23.87, up by ₹1.
13, or 4.97%, on the BSE..
