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Kochi, July 28 The net profit of Dhanalakshmi Bank grew by 57 per cent to touch Rs 9.52 crore (Rs 6.05 crore) during the first quarter of the current fiscal.

The total income of the bank grew by 20 per cent to Rs 99.95 crore (Rs 83.12 crore), while the non-interest income jumped by 113 per cent to Rs 12.91 crore (Rs 6.06 crore).

The total deposits increased to Rs 3,829 crore (Rs 3,194 crore) while advances moved up to Rs 2,267 crore (Rs 1,919 crore) during the same period.

The share of low-cost deposits in total deposits moved up from 26.93 to 29.51 per cent.

The bank continued to evince keen interest in the micro-finance sector with outstanding to this sector growing to Rs 94.54 crore, up from Rs 63.02 crore.

Net NPA, as a percentage of net advances, declined to less then one per cent at 0.98 per cent, as against 1.59 per cent earlier.

The bank was able to successfully complete a rights issue during the quarter under review.

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