MoneyWorks4Me

Dhanlaxmi Bank gets nod to raise Rs 150 crore

20 Mar 2018 Evaluate

Dhanlaxmi Bank has received board’s approval for proposal to issue unsecured redeemable non-convertible Basel-III compliant subordinated Tier-II Bonds in the nature of Debentures of Rs 10,00,000 each (Bonds), upto a maximum of Rs 150 crore, at Rs 10,00,000 each, with a tenor of 7 years, on private placement basis, at an interest of 11.00% per annum payable on half-yearly basis. The Board of directors of the bank at its meeting held on March 20, 2018 approved the same.

Dhanlaxmi Bank is engaged in providing a range of banking and financial services. The company's segments include Treasury, Corporate/Wholesale Banking, Retail Banking and Other Banking Operations.

Dhanlaxmi Bank Share Price

32.34 0.03 (0.09%)
14-Aug-2026 16:59 View Price Chart
Peers
Company Name CMP
HDFC Bank 727.35
ICICI Bank 1418.00
Axis Bank 1217.40
Kotak Mahindra Bank 393.00
Indusind Bank 1032.00
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through: