Dhanlaxmi Bank gross advances up 22.5% YoY at Rs 92.5 bln on Dec 31

Dhanlaxmi Bank's gross advances grew 22.5% on year to 92.5 bln rupees as on Dec 31, according to the provisional data shared by the bank for Oct-Dec.

Total deposits rose 6.78% to 129.22 bln rupees as on Dec 31.

The bank's current account savings account deposits aggregated to 42.16 bln rupees as on Dec 31, up 5.19% on year.

In July-September, the current account savings account ratio was 43.24 billion rupees. Gold loans increased 23% on year to 20.84 bln rupees as of Dec 31.

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The bank's total business grew to 221.72 bln rupees in the December quarter compared to 196.53 bln rupees in the same quarter a year ago.

The bank's credit-deposit ratio was at 71.58% as of Dec 31 compared with 62.40% in the same quarter last year and 71.45% in the previous quarter.