Dhanlaxmi Bank is currently trading at Rs 54.95, up by 0.40 points or 0.73% from its previous closing of Rs 54.55 on the BSE.
The scrip opened at Rs 55.00 and has touched a high and low of Rs 56.00 and Rs 54.95 respectively. So far 44274 shares were traded on the counter.
The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 159.75 on 06-Dec-2010 and a 52 week low of Rs 52.30 on 30-Nov-2011.
Last one week high and low of the scrip stood at Rs 56.00 and Rs 52.30 respectively. The current market cap of the company is Rs 464.42 crore.
The Institutions and Non-Institutions held 37.05% and 62.95% stake in the company, respectively.
Dhanlaxmi Bank, one of India’s fastest growing mid-size private sector banks, has entered into a Memorandum of Understanding (MoU) with Life Insurance Corporation of India (LIC) facilitating policyholders to receive policy payments through electronic funds transfer.
According to the agreement, the bank will provide electronic payment services to the corporation using National Electronic Funds Transfer (NEFT) mode to credit funds to the policyholders’ bank accounts.
This move is not only going to directly benefit customers of Dhanlaxmi Bank who hold LIC policies but also aid LIC policyholders having accounts with other banks. The bank will use the NEFT facility to transfer funds to policyholders’ account across other banks.
Dhanlaxmi Bank is an 84-year old bank with a network of over 275 branches and 460 ATMs covering 160 centers across 14 states, the bank services a broad customer base of 1.6 million. The bank provides a suite of banking products and services to its customers across Retail Banking, Wholesale Banking, Microfinance and Agricultural Lending and Small and Medium Enterprises Group.
| Company Name | CMP |
|---|---|
| HDFC Bank | 1745.95 |
| ICICI Bank | 1278.20 |
| Axis Bank | 1143.00 |
| Kotak Mahindra Bank | 1762.70 |
| Indusind Bank | 998.25 |
| View more.. | |
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