Dhanlaxmi Bank experienced a robust surge of more than 6% in the early trading session on Tuesday, driven by the unveiling of the bank’s Q3FY24 business update. The private sector lender, in a filing to the exchange on Monday, disclosed an impressive 11.5% enhancement in its total business, reaching ₹24,657 crore for the quarter ending December.
The bank’s gross advances displayed robust growth, scaling to ₹10,347 crore in Q3FY24, marking a noteworthy uptick of 11.93% compared to Q3FY23 gross advances of ₹9,244 crore. Furthermore, the bank’s total deposits exhibited a year-on-year growth of 10.60%, amounting to ₹14,310 crore in Q3FY24.
As of 11:08 am, the shares were trading 2.58% higher at ₹31.75.
