Dhanlaxmi Bank Ltd

Credit rating update

• ICRA assigns BBB- (Stable) rating to Dhanlaxmi Bank Fixed Deposits.
• ICRA assigns A3 rating to Dhanlaxmi Bank Certificates of Deposit.
• Rating notice dated August 20, 2026.

Rating Action

• The instruments rated are Basel III Tier-II bonds.
• The rating assigned is BBB- with Stable outlook.
• Rating Agency is ICRA.

Content absence

• No AGM details present in the provided chunk.

ESOP 2025 approval and terms

• Board approved ESOP 2025 formulation, subject to shareholders’ approval.
• Authority to grant up to 27,628,919 options to eligible employees.
• Currently no grants; subject to shareholders’ approval.
• ESOP 2025 complies with SEBI SBEB Regulations, 2021.
• Total shares covered: 27,628,919 equity shares of Rs 10 each.
• Exercise price equals latest closing price on grant date with highest volume.
• Exercise period: four years from each vesting.
• Options vesting currently not available.
• Significant terms to be disclosed in AGM notice.

Board Meeting filing for Dhanlaxmi Bank Ltd contains issuer details and signature timestamp

Appointment of Additional Independent Director

• Appointed Mr. T.V Rao as Additional Director (Non-Executive Independent) effective Sept 1, 2026 for a 3-year term.
• Profile: Former RBI Chief General Manager with 35+ years in banking regulation and governance.
• Not debarred from holding office by SEBI or any authority.
• Relationship with other directors: Nil.
• Reason: Board appointed to fill vacancy as Additional Director.
• Effective date: 01 September 2026; Term: 3 years.

Appointment of Additional Director

• Appointment of Mr. Rajan T.K as Additional Director (Non-Executive Independent) on the Board.
• Effective date and tenure: w.e.f. 29 July 2026 for five years.
• Shareholder approval to be sought within the prescribed period.
• Not debarred from holding director office by SEBI or other authorities.
• Profile: Rajan T.K is a seasoned finance professional with 34 years RBI experience.
• Former RBI Chief General Manager; led cyber and IT risk supervision.

HR Head Re-appointment

• Type: Re-appointment of Rajan Sleeba as Head of Human Resources.
• Effective date: w.e.f August 11, 2026; term: two years.
• Reason: Board approved the re-appointment.
• Contract basis appointment for 2 years from August 11, 2026.
• Profile: 40+ years banking experience; 21 years with Dhanlaxmi Bank; LLM; CAIIB.

Financial overview

• Total income ₹48,425 lakh; interest ₹44,936 lakh; other income ₹3,489 lakh.
• Net profit after tax ₹2,491 lakh; basic/diluted EPS ₹0.63.
• Operating profit before provisions ₹5,145 lakh; provisions ₹1,591 lakh.
• CRAR Basel III 19.19%; ROA (avg, annualized) 0.45%.
• Gross NPA ₹28,657 lakh; GNPA 1.82%.
• Net NPA ₹7,261 lakh; NNPA 0.47%.
• Deposits ₹19,40,405 lakh; Advances ₹15,57,166 lakh.
• Borrowings ₹85,871 lakh.
• Operating margin 10.62%; net profit margin 5.14%.
• Total assets ₹22,12,624 lakh; major components Investments ₹4,52,734 lakh.

Segment results

• Total segment revenue ₹48,425 lakh; segment profit before tax ₹3,554 lakh.
• Treasury revenue ₹7,575 lakh; Retail Banking ₹29,670 lakh; Corporate/Wholesale ₹10,871 lakh; Other Banking ₹309 lakh.
• Segment results: Treasury ₹890 lakh; Retail Banking ₹2,180 lakh; Corporate/Wholesale ₹175 lakh; Other ₹309 lakh.

Balance sheet & capital

• Total assets ₹22,12,624 lakh; Deposits ₹19,40,405 lakh; Advances ₹15,57,166 lakh.
• Investments ₹4,52,734 lakh; Cash ₹76,411 lakh; Borrowings ₹85,871 lakh.
• Equity capital ₹39,470 lakh; Reserves ₹1,11,851 lakh; Basel III CAR 19.19%.

Regulatory & notes

• IFR discontinued; ₹3,068 lakh transferred to P&L.
• Pillar 3 disclosures placed on bank website; not reviewed by auditors.
• Quarter ended 30.06.2026 unaudited; board approved 29.07.2026; limited review performed.

Operational notes

• Projects under implementation: 25 accounts; end balance ₹11,040.74 lakh.
• 3 accounts resolved under DCCO; ₹586.71 lakh.