Shares of Dhanlaxmi Bank surged 5% in intraday trade, reaching ₹53.75 apiece, the highest level since August 2014. The stock has seen a remarkable ascent in the last 10 trading sessions, reflecting a stellar return of 69%.
Dhanlaxmi Bank shares: The private bank informed stock exchanges that its gross advances came in at Rs 10,347 crore for the quarter ended December 31 compared with Rs 9,244 crore in the same quarter last year.
Kalyanasundaram noted that the bank board has been in receipt of numerous complaints of both the anonymous and
the signed varieties but has been singularly focused on dismissing all of them as "the habit in this bank over time."
The director, Sridhar Kalyanasundaram, who was appointed to the board in December last year, wrote a resignation letter to the board detailing his differences regarding the rights issue of shares, complained of lack of support from other board members and raised concerns over their ‘lack of in-depth banking knowledge.
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