Dhanlaxmi Bank gets RBI approval for opening 20 new branches

Dhanlaxmi Bank has received 'in-principle' approval from Reserve Bank of India for opening of 20 new branches and one administrative office. As part of its expansion plans, the Bank is planning to open 7 branches in Kerala, 4 branches in Tamil Nadu, 1 branch in Pondicherry, 3 branches in Karnataka, 3 branches in Andhra Pradesh and 2 branches in Telangana during the FY 2022-23. The new administrative office has started functioning at Hyderabad.

Shares of Dhanlaxmi Bank Limited was last trading in BSE at Rs. 11.80 as compared to the previous close of Rs. 11.73. The total number of shares traded during the day was 83181 in over 366 trades.

The stock hit an intraday high of Rs. 11.97 and intraday low of 11.65. The net turnover during the day was Rs. 986302.00.

Source : Equity Bulls

Keywords

DhanlaxmiBank INE680A01011 RBIApproval NewBranches AdministrativeOffice