5321802022-07-012022-09-305321802022-09-305321802022-03-315321802022-04-012022-09-305321802022-07-012022-09-30in-bse-fin:OtherOperatingExpenses1Member5321802022-04-012022-09-30in-bse-fin:OtherOperatingExpenses1Member5321802022-07-012022-09-30in-bse-fin:ReportableSegments1Member5321802022-07-012022-09-30in-bse-fin:ReportableSegments2Member5321802022-07-012022-09-30in-bse-fin:ReportableSegments3Member5321802022-04-012022-09-30in-bse-fin:ReportableSegments1Member5321802022-04-012022-09-30in-bse-fin:ReportableSegments2Member5321802022-04-012022-09-30in-bse-fin:ReportableSegments3Member5321802022-07-012022-09-30in-bse-fin:ReportableSegments1Member5321802022-07-012022-09-30in-bse-fin:ReportableSegments2Member5321802022-07-012022-09-30in-bse-fin:ReportableSegments3Member5321802022-04-012022-09-30in-bse-fin:ReportableSegments1Member5321802022-04-012022-09-30in-bse-fin:ReportableSegments2Member5321802022-04-012022-09-30in-bse-fin:ReportableSegments3Member5321802022-07-012022-09-30in-bse-fin:ReportableSegments1Member5321802022-09-30in-bse-fin:ReportableSegments1Member5321802022-07-012022-09-30in-bse-fin:ReportableSegments2Member5321802022-09-30in-bse-fin:ReportableSegments2Member5321802022-07-012022-09-30in-bse-fin:ReportableSegments3Member5321802022-09-30in-bse-fin:ReportableSegments3Member5321802022-07-012022-09-30in-bse-fin:ReportableSegments1Member5321802022-09-30in-bse-fin:ReportableSegments1Member5321802022-07-012022-09-30in-bse-fin:ReportableSegments2Member5321802022-09-30in-bse-fin:ReportableSegments2Member5321802022-07-012022-09-30in-bse-fin:ReportableSegments3Member5321802022-09-30in-bse-fin:ReportableSegments3Memberiso4217:INRxbrli:pureiso4217:INRxbrli:shares532180DHANBANKNOT LISTEDINE680A01011The Dhanalaxmi Bank LtdBanking FormatEquity2022-04-012023-03-312022-11-092022-10-28INRLakhsHalf yearlyMulti segment2022-11-0911:00:002022-11-0912:50:00trueCash Flow IndirectNot applicable2022-07-012022-09-30UnauditedStandalone20136000005872000003300000209000002625000000227600000285260000014606000006083000004302000001038500000249910000035350000019460000001589000000158900000015890000015890000025301000001000.100800.630.630.630.63549750000020285000000.06040.0232-0.0015Notes <BR> 1. Statement of Assets and Liabilities as on September 30, 2022. (Rs. In Lakh) <BR> Particulars 30.09.2022 30.09.2021 31.03.2022 <BR> Unaudited Unaudited Audited <BR> Capital and Liabilities <BR> Capital 25301 25301 25301 <BR> Reserves and Surplus 63645 62153 64699 <BR> Deposits 1274763 1191796 1240289 <BR> Borrowings 57987 15000 15000 <BR> Other Liabilities and Provisions 28080 28939 34287 <BR> Total 1449776 1323189 1379576 <BR> Assets <BR> Cash and Balances with Reserve Bank of India 76393 106585 70840 <BR> Balances with Bank and Money at Call and Short Notice 3123 1726 <BR> 2744 <BR> Investments 406084 459377 404406 <BR> Advances 876226 669594 814198 <BR> Fixed Assets 22394 22323 22100 <BR> Other Assets 65556 63584 65288 <BR> Total 1449776 1323189 1379576 <BR> <BR> 2. The above unaudited financial results for the quarter ended September 30, 2022, were reviewed by the Audit Committee and recommended for approval to and approved by the Board of Directors at its meeting held on November 9, 2022, subject to Note No.15 below. These Results have been subjected to "Limited Review” by the Statutory Auditors of the Bank, M/s Krishnamoorthy & Krishnamoorthy, Chartered Accountants and an unqualified report has been issued by them. <BR> <BR> 3. The Bank has followed the same significant accounting policies in the preparation of interim financial results as those followed in the annual financial statements for the year ended March 31, 2022. <BR> <BR> 4. Other Income includes fees earned from services to customers, commission from non-fund-based banking activities, earnings from foreign exchange transactions, selling of third-party products, profit /loss on sale of investments (Net) and profit/loss on revaluation of investments. <BR> <BR> 5. The financial results have been arrived at after considering provision for standard assets, provision for non-performing assets (NPAs), Provision for Non-performing Investments, Provision for Unhedged Foreign Currency exposures and other usual and necessary provisions. <BR> <BR> 6. Provisions for Non-Performing Assets, Standard Assets, restructured advances, exposures to entities with un-hedged foreign currency exposure, additional provision for stressed sectors, Non-Performing Investments and Depreciation on Investments are arrived as per the guidelines and prudential norms issued by the Reserve Bank of India. <BR> <BR> 7. In accordance with RBI Circular DBR.No.BP.BC.1/21.06.201/2015-16 on Basel III Capital Regulations dated July 01, 2015, RBI Circular DBR.No.BP.BC.80/21.06.201/2014-15 dated March 31, 2015 - 'Prudential Guidelines on Capital Adequacy and Liquidity Standards - Amendments' and RBI Circular DBR.BP.BC.No.106/21.04.098/2017-18 dated May 17, 2018 - 'Basel III Framework on Liquidity Standards – Net Stable Funding Ratio (NSFR) – Final Guidelines', Banks are required to make Pillar 3 disclosure requirements including Leverage Ratio disclosure requirements that are to be made along with the publication of Financial Results. The Bank has made these disclosures which are available in its website at the following link: <BR> <BR> https://www.dhanbank.com/pillar-iii-disclosure/. These disclosures have not been subjected to Audit/Review by the Statutory Auditors. <BR> <BR> 8. The Deferred Tax Asset (‘DTA’) of Rs. 5013 lakhs have been retained on a conservative approach. <BR> <BR> 9. The loans transferred/ acquired during the half-year ended September 30, 2022 under the RBI Master Direction on Transfer of Loan Exposures dated September 24, 2021 is Nil. <BR> <BR> 10. Details of resolution plan implemented under Resolution framework for Covid -19 related stress as per RBI Circular dated August 6, 2020 (Resolution framework 1.0) and as per RBI circular dated May 5, 2021 (Resolution Framework 2.0) are given below. <BR> (Rs. In Lakhs) <BR> Type of Borrower (A) (B) (C) (D) (E) <BR> Exposure to accounts classified as Standard consequent to implementation of resolution plan – Position as at the end of previous half year 31.03.2022* Of (A), aggregate debt that slipped into NPA during the half year Of (A) amount written off during the half year Of (A) amount paid by the borrowers during the half year Exposure to accounts classified as Standard consequent to implementation of resolution plan – Position as at the end of year 30.09.2022* <BR> Personal Loans 2399.52 8.45 - 214.81 2,317.09 <BR> Others 9777.75 73.41 - 1506.75 8,894.01 <BR> Corporate Persons 8146.41 3404.87 - 1,405.18 <BR> 7409.82 <BR> <BR> Total under RFCS 20323.68 3486.73 - 3126.74 18620.92 <BR> Of Corporate Persons, MSME 4162.46 - - 423.33 4,175.56 <BR> *Excluding other facilities to the borrower which have not been restructured. <BR> <BR> 11. Number of borrower accounts where modifications were sanctioned and implemented in terms of Clause 22 of Circular No. RBI/2021-22/31 DOR.STR.REC.11/21.04.048/2021-22 dt. May 5, 2021, ‘Resolution Framework – 2.0: Resolution of Covid-19 related stress of Individuals and Small Businesses’ are as follows; <BR> No. of Accounts 4 <BR> Aggregate Exposure as on September 30, 2022 (Rs. In lakhs) 1464.11 <BR> <BR> 12. Reserve Bank of India vide letter dated October 4, 2021 has permitted all member banks of Indian Banks' Association covered under the 11th Bipartite Settlement to amortize the additional liability on account of revision in family pension over a period not exceeding five years, beginning with the Financial Year ended March 31, 2022 The bank has recognized the entire additional liability estimated at Rs. 1429 Lakhs and opted to amortize the same over a period of five years beginning with the financial year ended March 31, 2022. Accordingly, an amount of Rs. 142 lakhs have been amortized during the half year ended September 30, 2022 in respect of the said estimated additional liability and the balance amounting to Rs.1000 Lakhs has been carried forward as unamortized expenditure. <BR> <BR> 13. RBI Circular DBR. No.BP.BC.92/21.04.048/2015-16 dated April 18, 2016 grants banks an option to spread the provisioning for frauds, over a period of four quarters. Bank had exercised this option in respect of two advances with outstanding balance of Rs.13, 720.20 lakh declared as fraud during this financial year, against which provision of Rs.5,593.87 lakh was held in the first quarter ended June 30,2022. During the quarter ended Sept 30, 2022, bank provided Rs.2,178.83 lakh being 1/4th of the additional provision required to be made over and above NPA provisions held. Consequently, if the entire provision as above is made during the current quarter/ half-year, the Net profit for the quarter would have been lower and Net loss for the half year would have been higher by a sum of Rs.5, 614.81 lakh. Meanwhile, in one account, Rs.332.69 lakh has been recovered during this financial year after fraud classification. <BR> <BR> 14. Investor complaints – Pending at the beginning of the quarter – Nil <BR> Received during the quarter – Nil <BR> Disposed during the quarter – Nil <BR> Unresolved at the end of quarter – Nil <BR> <BR> 15. The composition of Board, Audit Committee and other mandatory Committees of the Board are not in compliance with regulatory provisions, since the Bank is not in a position to appoint new directors as the matter of appointment of directors is sub judice. The financial results have been recommended/ approved by the existing ACB/ Board respectively, since it is a statutory agenda as per SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. <BR> <BR> 16. Provision coverage ratio (Including Technical Write off) as on September 30, 2022 is 83.25 %. <BR> <BR> 17. The figures for the previous period have been re-grouped/re-arranged wherever necessary to conform to the current period’s classification. <BR> 2022-04-012022-09-30UnauditedStandalone39840000001178000000620000040500000520870000012100000522080000028713000001209700000836500000204620000049175000003033000004087000000-1054000000-1054000000-105400000-10540000025301000001000.10080-0.42-0.42-0.42-0.42549750000020285000000.06040.0232-0.0015Operating expenses430200000Operating expenses83650000025301000006364500000127476300000579870000028080000001449776000007639300000312300000406084000008762260000022394000006555600000144977600000Notes <BR> 1. Statement of Assets and Liabilities as on September 30, 2022. (Rs. In Lakh) <BR> Particulars 30.09.2022 30.09.2021 31.03.2022 <BR> Unaudited Unaudited Audited <BR> Capital and Liabilities <BR> Capital 25301 25301 25301 <BR> Reserves and Surplus 63645 62153 64699 <BR> Deposits 1274763 1191796 1240289 <BR> Borrowings 57987 15000 15000 <BR> Other Liabilities and Provisions 28080 28939 34287 <BR> Total 1449776 1323189 1379576 <BR> Assets <BR> Cash and Balances with Reserve Bank of India 76393 106585 70840 <BR> Balances with Bank and Money at Call and Short Notice 3123 1726 <BR> 2744 <BR> Investments 406084 459377 404406 <BR> Advances 876226 669594 814198 <BR> Fixed Assets 22394 22323 22100 <BR> Other Assets 65556 63584 65288 <BR> Total 1449776 1323189 1379576 <BR> <BR> 2. The above unaudited financial results for the quarter ended September 30, 2022, were reviewed by the Audit Committee and recommended for approval to and approved by the Board of Directors at its meeting held on November 9, 2022, subject to Note No.15 below. These Results have been subjected to "Limited Review” by the Statutory Auditors of the Bank, M/s Krishnamoorthy & Krishnamoorthy, Chartered Accountants and an unqualified report has been issued by them. <BR> <BR> 3. The Bank has followed the same significant accounting policies in the preparation of interim financial results as those followed in the annual financial statements for the year ended March 31, 2022. <BR> <BR> 4. Other Income includes fees earned from services to customers, commission from non-fund-based banking activities, earnings from foreign exchange transactions, selling of third-party products, profit /loss on sale of investments (Net) and profit/loss on revaluation of investments. <BR> <BR> 5. The financial results have been arrived at after considering provision for standard assets, provision for non-performing assets (NPAs), Provision for Non-performing Investments, Provision for Unhedged Foreign Currency exposures and other usual and necessary provisions. <BR> <BR> 6. Provisions for Non-Performing Assets, Standard Assets, restructured advances, exposures to entities with un-hedged foreign currency exposure, additional provision for stressed sectors, Non-Performing Investments and Depreciation on Investments are arrived as per the guidelines and prudential norms issued by the Reserve Bank of India. <BR> <BR> 7. In accordance with RBI Circular DBR.No.BP.BC.1/21.06.201/2015-16 on Basel III Capital Regulations dated July 01, 2015, RBI Circular DBR.No.BP.BC.80/21.06.201/2014-15 dated March 31, 2015 - 'Prudential Guidelines on Capital Adequacy and Liquidity Standards - Amendments' and RBI Circular DBR.BP.BC.No.106/21.04.098/2017-18 dated May 17, 2018 - 'Basel III Framework on Liquidity Standards – Net Stable Funding Ratio (NSFR) – Final Guidelines', Banks are required to make Pillar 3 disclosure requirements including Leverage Ratio disclosure requirements that are to be made along with the publication of Financial Results. The Bank has made these disclosures which are available in its website at the following link: <BR> <BR> https://www.dhanbank.com/pillar-iii-disclosure/. These disclosures have not been subjected to Audit/Review by the Statutory Auditors. <BR> <BR> 8. The Deferred Tax Asset (‘DTA’) of Rs. 5013 lakhs have been retained on a conservative approach. <BR> <BR> 9. The loans transferred/ acquired during the half-year ended September 30, 2022 under the RBI Master Direction on Transfer of Loan Exposures dated September 24, 2021 is Nil. <BR> <BR> 10. Details of resolution plan implemented under Resolution framework for Covid -19 related stress as per RBI Circular dated August 6, 2020 (Resolution framework 1.0) and as per RBI circular dated May 5, 2021 (Resolution Framework 2.0) are given below. <BR> (Rs. In Lakhs) <BR> Type of Borrower (A) (B) (C) (D) (E) <BR> Exposure to accounts classified as Standard consequent to implementation of resolution plan – Position as at the end of previous half year 31.03.2022* Of (A), aggregate debt that slipped into NPA during the half year Of (A) amount written off during the half year Of (A) amount paid by the borrowers during the half year Exposure to accounts classified as Standard consequent to implementation of resolution plan – Position as at the end of year 30.09.2022* <BR> Personal Loans 2399.52 8.45 - 214.81 2,317.09 <BR> Others 9777.75 73.41 - 1506.75 8,894.01 <BR> Corporate Persons 8146.41 3404.87 - 1,405.18 <BR> 7409.82 <BR> <BR> Total under RFCS 20323.68 3486.73 - 3126.74 18620.92 <BR> Of Corporate Persons, MSME 4162.46 - - 423.33 4,175.56 <BR> *Excluding other facilities to the borrower which have not been restructured. <BR> <BR> 11. Number of borrower accounts where modifications were sanctioned and implemented in terms of Clause 22 of Circular No. RBI/2021-22/31 DOR.STR.REC.11/21.04.048/2021-22 dt. May 5, 2021, ‘Resolution Framework – 2.0: Resolution of Covid-19 related stress of Individuals and Small Businesses’ are as follows; <BR> No. of Accounts 4 <BR> Aggregate Exposure as on September 30, 2022 (Rs. In lakhs) 1464.11 <BR> <BR> 12. Reserve Bank of India vide letter dated October 4, 2021 has permitted all member banks of Indian Banks' Association covered under the 11th Bipartite Settlement to amortize the additional liability on account of revision in family pension over a period not exceeding five years, beginning with the Financial Year ended March 31, 2022 The bank has recognized the entire additional liability estimated at Rs. 1429 Lakhs and opted to amortize the same over a period of five years beginning with the financial year ended March 31, 2022. Accordingly, an amount of Rs. 142 lakhs have been amortized during the half year ended September 30, 2022 in respect of the said estimated additional liability and the balance amounting to Rs.1000 Lakhs has been carried forward as unamortized expenditure. <BR> <BR> 13. RBI Circular DBR. No.BP.BC.92/21.04.048/2015-16 dated April 18, 2016 grants banks an option to spread the provisioning for frauds, over a period of four quarters. Bank had exercised this option in respect of two advances with outstanding balance of Rs.13, 720.20 lakh declared as fraud during this financial year, against which provision of Rs.5,593.87 lakh was held in the first quarter ended June 30,2022. During the quarter ended Sept 30, 2022, bank provided Rs.2,178.83 lakh being 1/4th of the additional provision required to be made over and above NPA provisions held. Consequently, if the entire provision as above is made during the current quarter/ half-year, the Net profit for the quarter would have been lower and Net loss for the half year would have been higher by a sum of Rs.5, 614.81 lakh. Meanwhile, in one account, Rs.332.69 lakh has been recovered during this financial year after fraud classification. <BR> <BR> 14. Investor complaints – Pending at the beginning of the quarter – Nil <BR> Received during the quarter – Nil <BR> Disposed during the quarter – Nil <BR> Unresolved at the end of quarter – Nil <BR> <BR> 15. The composition of Board, Audit Committee and other mandatory Committees of the Board are not in compliance with regulatory provisions, since the Bank is not in a position to appoint new directors as the matter of appointment of directors is sub judice. The financial results have been recommended/ approved by the existing ACB/ Board respectively, since it is a statutory agenda as per SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. <BR> <BR> 16. Provision coverage ratio (Including Technical Write off) as on September 30, 2022 is 83.25 %. <BR> <BR> 17. The figures for the previous period have been re-grouped/re-arranged wherever necessary to conform to the current period’s classification. <BR> Treasury574400000Retail Banking1369900000Corporate/ Wholesale Banking908400000Treasury736800000Retail Banking2662900000Corporate/ Wholesale Banking18212000002852700000522090000028527000005220900000Treasury86200000Retail Banking202300000Corporate/ Wholesale Banking65000000Treasury-203700000Retail Banking390000000Corporate/ Wholesale Banking117000000353500000303300000194600000408700000158900000-105400000Treasury43673500000Retail Banking57316900000Corporate/ Wholesale Banking429752000001439656000001012000000144977600000Treasury42145800000Retail Banking53685000000Corporate/ Wholesale Banking40252100000136082900000136082900000Business Segments have been identified and reported taking into account the target customer profile, the nature of products and services, the differing risks and returns, the organization structure, the internal business reporting system and the guidelines prescribed by Reserve Bank of India. <BR> <BR> For the purpose of the disclosure under Accounting Standard 17 - Segment Reporting, issued by the Institute of Chartered Accountants of India (ICAI), ‘Digital Banking’ has been identified as a sub segment under the existing ‘Retail Banking’ segment. Bank has not set up separate ‘Digital Banking Unit’ (DBU) as on 30th September 2022 as per RBI circular No. RBI/2022-23/19 DOR AUT.REC.12/22.01.001/2022-23 dated April 7 2022 and existing digital banking products are forming part of ‘Retail Banking’ segment only. <BR> <BR> Part B: Geographical segments <BR> The Bank has only the domestic geographic segment. <BR> -10540000006529000000000004029000000105580000000-7312600000070908000000-221800000834000000728600000000750000007211000000072110000000000000013400000061000000000000000-12790000000-1279000000000000000000593200000059320000073584000007951600000