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Wednesday, November 23, 2011

Award for Dhanlaxmi Bank

Dhanlaxmi Bank has won the Best Mid-Sized Bank award in terms of growth, according to Business Today-KPMG's Best Banks Survey of 2011. The survey, which covered 63 scheduled commercial banks, was conducted on three broad parameters — growth, size and strength. The data used was based on published annual reports of these banks and Reserve Bank of India's Profile of Banks 2010-2011.

Under the growth category, Dhanlaxmi Bank was awarded for its surge in deposits, loans and advances, fee income, operating profit, absolute market share of deposits and current account savings account, or CASA; three-year compound annual growth rate of total deposits, loans and advances, fee income and operating profit. Mr Amitabh Chaturvedi, MD and CEO, Dhanlaxmi Bank, said the award acknowledges the bank's strategy and provides industry recognition for ambitious growth plans.


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