Dhanlaxmi Bank, one of India’s fastest growing mid-size private sector banks, has won the Best Mid-Sized Bank award in terms of growth, as per Business Today-KPMG’s Best Banks Survey of 2011.
The survey, which covered 63 scheduled commercial banks, was conducted on three broad parameters - growth, size and strength. The data used was based on published annual reports of these banks and Reserve Bank of India’s Profile of Banks, 2010/2011.
Under the growth category, Dhanlaxmi Bank was awarded for its surge in deposits, loans & advances, fee income, operating profit, absolute market share of deposits and current account savings account (CASA), three-year compound annual growth rate (CAGR) of total deposits, loans & advances, fee income and operating profit.
This is the second time in three years that Dhanlaxmi Bank has been recognized as the fastest growing mid-sized bank in India. The bank was awarded the Best Mid-Sized Bank under the growth category in 2009.
Dhanlaxmi Bank is an 84-year old bank, being incorporated in 1927 at Thrissur, Kerala. With a network of 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.
