Non-public sector lender Dhanlaxmi Bank Ltd on Wednesday (March 19) stated its board of administrators has authorised the issuance of unsecured non-convertible debentures within the type of Basel III compliant tier-II bonds of up to ₹150 crore.
“That is to inform you that the Board of Administrators of the Bank at its assembly held on March 19, 2025 inter-alia thought of and authorised the proposal for the problem of unsecured non-convertible debentures within the type of Basel III compliant Tier-II Bonds of ₹1,00,00,000 (one crore) every, up to a most of Rs 150 Crores, with a tenure of 10 years on a non-public placement foundation,” Dhanlaxmi Bank stated in a regulatory submitting.
Additionally Learn: Dhanlaxmi Bank Q2 internet revenue climbs 11.4% to ₹25.8 cr, shares surge practically 6%
The bonds, with a face worth of ₹1 crore every, will probably be issued on a non-public placement foundation with a tenure of 10 years. The board additionally authorised the overall info doc, key info doc, and time period sheet for the proposed subject.
Q3 increase
Dhanlaxmi Bank reported a 563.33% 12 months-on-12 months (YoY) spike in internet revenue at ₹19.9 crore for the third quarter that ended December 31, 2024. Within the corresponding quarter of the earlier fiscal, Dhanlaxmi Bank posted a internet revenue of ₹3 crore.
Internet curiosity revenue (NII) elevated 12.5%, coming at ₹128.3 crore in opposition to ₹114 crore within the corresponding quarter of FY24. The gross non-performing asset (GNPA) stood at 3.53% within the December quarter in opposition to 3.82% within the September quarter. Internet NPA (NNPA) got here at 0.86% in opposition to 1.12% quarter-on-quarter.
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Shares of Dhanlaxmi Bank Ltd ended at ₹23.87, up by ₹1.13, or 4.97%, on the BSE.
(Edited by : Shoma Bhattacharjee)
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