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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

26.92 0.25 (0.94%)
17-Apr-2026 16:59 View Price Chart
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