According to a recent press report Mr. Amitabh Chaturvedi, MD and CEO, Dhanlaxmi Bank has said that the bank has planned to shore up their capital adequacy ratio and also to support its expansion plans.
Mr. Chaturvedi on speaking about the allegations of fudging of accounts and under-provisioning said that there was no concern with regard to asset quality, compliance and governance. He also said that the bank was looking for a possibility of taking legal action against the trade union which had made these allegations.
According to Mr. Bipin Kabra, Chief Financial Officer of the bank, the interbank deposits, borrowing in the call money market, bulk deposits and non-performing assets were all within limits. He said that the bank had interbank deposits of Rs 1,077 crore and not Rs 1,600 crore as alleged by the union. Also he said that the Certificates of Deposits were Rs 1,200 crore and not Rs 2,500 crore.
The bank has recently hiked base rate, or the minimum lending rate, by 25 basis points to 11 per cent, while loans under the older benchmark prime lending rate will be dearer by 50 bps at 20.75 per cent. The bank offers home loans, personal loans, vehicle loans, business loans, education loan etc.