Dhanlaxmi Bank Limited — Important, 07-04-2025: Updates

The Bank has allotted 150 unsecured redeemable non-convertible Basel-III compliant subordinated Tier-II Bonds, amounting to ₹150 crore (cr), on a private placement basis at a face value of ₹1 crore (10 million) each. The bonds have a tenor of 10 years and offer an interest rate of 10.50% per annum, paid annually. These bonds are proposed to be listed on NSE India Limited, with the maturity date set for April 6, 2035, and the first interest payment scheduled for April 7, 2026. This move could enhance the bank's capital base and provide access to long-term funding, presenting a positive outlook for financial stability and growth. Investors should watch closely for the potential impact on the bank's leverage and future lending capacity.