Dhanlaxmi Bank Q3 Net Profit Jumps 20% to ₹24 Crore; Gross NPA Declines

• Dhanlaxmi Bank reported a 20% increase in net profit, reaching ₹24 crore in Q3 FY24, up from ₹20 crore last year.
• Total income for the December quarter rose to ₹456 crore, compared to ₹377 crore in the previous year.
• Interest income grew to ₹407 crore, and Net Interest Income (NII) increased to ₹154 crore.
• Gross Non-Performing Asset (Gross NPA) ratio improved significantly to 2.36% from 3.52% year-on-year.
• The bank's Capital Adequacy Ratio strengthened to 17.19% in the December quarter.

Why It Matters: Dhanlaxmi Bank shows strong Q3 performance with increased profit and improved asset quality, signaling positive outlook.