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Dhanalakshmi Bank Q2 net profit declines 28.70%

Harish Dhawan 25 October 2009

Dhanalakshmi Bank, leading private bank, has reported a fall of 28.70% in its net profit for the second quarter ended September 30, 2009.

During the reporting quarter, the bank has posted a net profit of Rs 6.26 crore.

However, total income of the bank grew to Rs 151.12 crore in the said quarter.

In a filing to Bombay Stock Exchange (BSE), the bank said that it has registered a total income of 108.10 crore in the September quarter of 2008.

During the half-year ended September 30, 2009, the bank has raised Rs 150 crore as Tier-II bonds by private placement, the filing added.

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