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Friday, Nov 01, 2002

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Dhanalakshmi Bank H1 profit up 33 pc

Our Bureau

KOCHI, Oct. 31

THE net profit of Thrissur-based Dhanalakshmi Bank has grown by 33 per cent to Rs 6.86 crore (Rs 5.14 crore) for the first half of the current year.

Gross profit went up by 62 per cent to touch Rs 29.87 crore (Rs 18.47 crore), a fax from the bank here has said. The total income increased by 13 per cent to Rs 125.77 crore (Rs 111.51 crore). Other income grew to Rs 31.73 crore (Rs 23.01 crore).

Total expenditure grew marginally to Rs 95.90 crore (Rs 93.04 crore). The earnings per share grew from Rs 3.75 to Rs 4.25 crore).

The bank is the first Kerala-based bank to achieve 100 per cent computerisation level of all its 153 branches, the fax said.

The bank has an ambitious plan for implementing a centralised banking solution.

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