Dhanlaxmi Bank, Thrissur-based private lender has decided to raise up to Rs 200 crore of capital by early next month. It has appointed ICICI Securities and Motilal Oswal Securities as its merchant bankers. The bank is planning to raise these funds through qualified institutional placement (QIP) and currently it is exploring other options as well.
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.
