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.
