This article discusses the weak performance of Dhanlaxmi Bank during the first quarter and explores the factors that contributed to the decline in business growth. Ajith Kumar, analyzes the various aspects that affected the company's performance and provides insights into the reasons behind the downward trend. Watch Ajith Kumar K.K, Md & Ceo of Dhanlaxmi Bank, on ET Now.

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Dhanlaxmi Bank: Weak Q1 For Company, What Factors Led The Biz Growth Downwards? | Ajith Kumar

Ajith Kumar KK will take charge on June 20, Kerala-based Dhanlaxmi Bank said in a regulatory filing

Dhanlaxmi Bank appoints Ajith Kumar KK as MD CEO for 3year tenure

The Reserve Bank on Friday said it has imposed penalties totalling ₹2.49 crore on three banks, including Dhanlaxmi Bank and Punjab and Sind Bank, for contravention of regulatory norms.

RBI imposes ₹2.49 crore penalty on Dhanlaxmi Bank, Punjab and Sind Bank and ESAF Small Finance Bank

India Business News: Dhanlaxmi Bank shares fell as much as 9% on Monday before recovering partially after Sridhar Kalyanasundaram, an independent director, resigned over t

Dhanlaxmi Bank shares fall after independent director quits - Times of India

Sridhar Kalyanasundaram also referred to board factionalism, whistle-blower issues and the ‘belligerent attitude’ of CEO.

Dhanlaxmi Bank Director Resigns Citing Unethical Business Conduct

Dhanlaxmi Bank stock has given a return of 100.12 percent over the last six months. The benchmark Nifty Bank index has given a return of 17.45 percent over the same duration.

Dhanlaxmi Bank tanks 7% after independent director quits over multiple issues

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Dhanlaxmi Bank posts 207% net profit growth in Q1 FY24. Operating profit up to ₹57.94 crore. Total income up 44%, interest income up to ₹289.14 crore. Total business up 10%, deposits up 7%, CASA share 31.65%. MD & CEO said encouraging performance, focus on CASA, retail deposits, retail & MSME advanc…

Dhanlaxmi Bank records ₹28.30 crore net profit in Q1

Bank of Maharashtra (BoM), Federal Bank, CSB Bank, Karur Vysya Bank and Dhanlaxmi Bank have posted healthy year-on-year (yoy) growth in advances and deposits in the first quarter of FY24, going by their business updates

Five banks post healthy y-o-y growth in advances

Dhanlaxmi Bank has registered a net profit of ₹38.17 crore during Q4 of the FY 23 as against net profit of ₹23.42 crore of the corresponding quarter of FY22. Standalone operating profit for Q4 was ₹38.56 crore.

Dhanlaxmi Bank registers 62% increase in Q4 net profit at ₹38.17 crore

Dhanlaxmi Bank stock has significantly underperformed the Nifty Bank index over the last 5 years. The stock has lost 15.37 percent of its value over the last 5 years. Whereas the Nifty Bank index has given a return of 67.59 percent over the same duration.

Dhanlaxmi Bank jumps 3% on wider profits in Q4

Hasn't fared well - amongst the low performers

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Average profitability - not good, not bad

Profitability

Fundamentals

Not a good time to consider, stock is in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Dhanlaxmi Bank Limited is a bank 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.