Support and Resistance Levels
Past performance
About Dhanlaxmi Bank Ltd Dhanalakshmi Bank Limited, founded in 1927 in Thrissur, Kerala, is a well-established Scheduled Commercial Bank with operations extending across 14 states and one Union Territory in India. Initially localized, the bank expanded its services beyond Kerala by 1947 and continued to grow by acquiring other banks and opening branches across southern India and beyond. As of March 2023, it operates 253 branches and 270 ATMs, with recent expansions in Kerala, Tamil Nadu, Telangana, and Andhra Pradesh.
The bank has embraced technology to enhance customer service, implementing a Centralised Banking Solution and offering internet and tele-banking services. It is also part of India’s nationwide shared ATM network. Dhanalakshmi Bank has diversified services, including consumer, corporate, and merchant banking, and offers insurance products as a corporate agent. Additionally, it is involved in microfinance initiatives and maintains a focus on priority sector lending. The bank's strategic initiatives, including rights issues and network expansion, have strengthened its financial position and operational reach.