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Dhanlakshmi Bank spurts on hiking interest rates on NRE term deposits

26 Dec 2011 Evaluate

Dhanlakshmi Bank is currently trading at Rs. 50.45, up by 1.80 points or 3.70% from its previous closing of Rs. 48.65 on the BSE.

The scrip opened at Rs. 48.90 and has touched a high and low of Rs. 51.65 and Rs. 48.15 respectively. So far 78919 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 135.90 on 25-Apr-2011 and a 52 week low of Rs. 45.65 on 20-Dec-2011.

Last one week high and low of the scrip stood at Rs. 52.00 and Rs. 45.65 respectively. The current market cap of the company is Rs. 425.68 crore.

The Institutional holding in the company stood at 37.05% while Non-Institutions held 62.95%.

Dhanlakshmi Bank, one of India’s fastest growing mid-size private sector banks, has revised interest rates on non-resident external (NRE) rupee term deposits with effect from December 26, 2011.

For term deposits with maturity period of 1 year and above but below 2 years, the bank will offer an interest rate of 8.00% per annum from the current 3.82% per annum. Similarly, interest rates for deposits of 2 years and above but less than 3 years the rate has been increased to 8.00% per annum from 3.51% per annum.

Further, the interest rate for deposits of 3 years and above, up to 10 years has been hiked to 7.75% per annum from 3.64% per annum.

The Reserve Bank of India (RBI) had deregulated savings deposit rates on October 25, 2011. The bank has taken this step in line with the move taken by RBI and to keep itself ahead of its competitors.

Dhanlaxmi Bank Share Price

26.92 0.25 (0.94%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
HDFC Bank 799.90
ICICI Bank 1347.50
Axis Bank 1359.15
Kotak Mahindra Bank 383.50
Indusind Bank 853.15
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