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Dhanlaxmi Bank's Q2 Advances Soar 22%, Gold Loans Jump 53% Driving Growth
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CNBC TV18•01-10-2026, 16:07
Dhanlaxmi Bank's Q2 Advances Soar 22%, Gold Loans Jump 53% Driving Growth
- •Dhanlaxmi Bank's gross advances surged 22.29% year-on-year to ’15,948 crore in Q2 FY27, with total business rising 21.08% to ’36,500 crore.
- •Gold loan portfolio was a significant growth driver, increasing 53.43% to ’6,823 crore.
- •Deposits grew 20.15% to ’20,552 crore, while CASA deposits rose 16.83% to ’5,769 crore.
- •Advances to MSMEs also saw strong growth, up 35.90% to ’2,544 crore.
- •The bank reported a strong start to FY27, with net profit more than doubling to ’25 crore in the June quarter, driven by higher lending and improved asset quality.
Key Questions Answered
For the quarter ended September 30, 2026, Dhanlaxmi Bank's gross advances grew 22.29% year-on-year to ₹15,948 crore, and total business increased by 21.08% to ₹36,500 crore.
The bank's gold loan portfolio experienced a 53.43% year-on-year jump to reach ₹6,823 crore, while advances to micro, small and medium enterprises (MSMEs) grew by 35.90% to ₹2,544 crore.
Dhanlaxmi Bank's net profit more than doubled to ₹25 crore in the June quarter, driven by higher lending, stronger interest income, and improved asset quality.
