Dhanalakshmi Bank was incorporated on 14th November, 1927 by a group of ambitious entrepreneurs at Thrissur, Kerala with a Capital of Rs.11, 000 and 7 employees. The bank became a Scheduled Commercial Bank in the year 1977.
As on 31 March 2009, the Bank has serviced business worth Rs.8,212 crores comprising of deposits worth Rs.4969 crores and advances worth Rs.3245 crores. Services offered by the bank include Real Time Gross Settlement (RTGS) and National Electronic Fund Transfer (NEFT) systems in order to facilitate large value payments and settlements online in real time, on a transaction-by-transaction basis. Also, the Bank has set up NRI Boutiques (Relationship Centres) at 9 locations in the states of Kerala and Tamil Nadu in order to provide NRI’s with value added services. The Bank also plays a leading role in dispensing Micro Credit among private and public banks based in Kerala
The Bank has recently received approval from the Reserve Bank of India to open 66 branches and 380 ATMs across the country during 2009. Mr. Amitabh Chaturvedi is the current Managing Director and CEO.
The bank offers personal loans under the name Dhanam personal loans and also enable you to cash in on leased out property owned by you through Lease loan.