Dhanlaxmi Bank Limited

The board of Dhanlaxmi Bank will be held on February 14 to consider raising funds through an issue of shares on a preferential basis, the bank said in a notice to the exchanges on Thursday. Dhanlaxmi Bank, however, did not disclose the amount it plans to raise. As on September 30, the lender’s capital adequacy ratio was at 9.03 per cent as against 7.44 per cent a quarter ago. The ratio was below the statutory requirement of 9.625 per cent. The Kerala-based bank had in July approved raising ₹200 crore through preferential allotment of shares to meet the capital adequacy requirements. Shares of Dhanlaxmi Bank were up 0.4 per cent at ₹25.30 on the NSE.