Dhanalakshmi Bank’s net profit up 36% to Rs 4.45 crore
in Q3
Our Banking
Bureau
21 January 2003
 Kochi:
Dhanalakshmi
Bank’s net profit for the third quarter has grown by
over 36 per cent to touch Rs 4.45 crore (Rs 3.27 crore)
for the quarter ended December 2002.
 The
gross profit rose close to 75 per cent to Rs 20.46 crore
(Rs 11.71 crore) in the same period. The bank has provided
adequately for contingencies and other write-offs at Rs
10.56 crore. The provision for taxes was at Rs 5.45 crore.
The
bank had registered a total income of Rs 66.79 crore as
against a total expenditure of Rs 46.33 crore. The above
financial results were taken on record by the board of
directors at its meeting held on 18 January 2003.
 The
bank said the net profit for the first nine months of
the year was at Rs 11.28 crore (Rs 8.41 crore). The interest
and other income have also shown considerable growth during
the period to Rs 141.83 crore and Rs 50.70 crore, respectively.
The gross profit for the nine-month period has grown by
66 per cent to Rs 50.30 crore (Rs 30.18 crore).
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