Dhanlaxmi Bank Q3 Profit Jumps 20%, Asset Quality Improves Significantly

• Dhanlaxmi Bank reported a 20% year-on-year increase in net profit to ₹24 crore for Q3.
• Net Interest Income (NII) also rose by 20% year-on-year, reaching ₹154 crore.
• Asset quality improved, with Gross NPA declining to 2.36% from 3.10% sequentially.
• Total business grew 20.76% to ₹31,933 crore, driven by 18.39% deposit growth and 23.90% advances growth.
• Gold loan portfolio surged 50.89% to ₹5,361 crore, and MSME loans expanded 27.72% to ₹2,064 crore.

Why It Matters: Dhanlaxmi Bank delivered strong Q3 results with significant profit growth and improved asset quality.