Dhanlaxmi Bank has received an approval to raise equity capital not exceeding Rs 200 crore (including premium) through Qualified Institutional Placement (QIP).
The board at its meeting held on October 31, 2012 has approved the same.
Dhanlaxmi Bank is an 84-year old bank with a network of over 275 branches and 460 ATMs covering 160 centers across 14 states, the bank services a broad customer base of 1.6 million. The bank provides a suite of banking products and services to its customers across Retail Banking, Wholesale Banking, Microfinance and Agricultural Lending and Small and Medium Enterprises Group.
