Dhanlaxmi Bank has appointed Mr. Gopalakrishnan V.N as its Chief Vigilance Officer (CVO) for a period of three years, effective from the date he assumes charge on July 13, 2026. The appointment was approved by the Board of Directors via a resolution passed by circulation on July 6, 2026. The bank disclosed this information in a regulatory filing submitted to the stock exchanges.

Mr. Gopalakrishnan has been appointed in the grade of General Manager. He is a seasoned banker with over 40 years of experience across various financial institutions, including ESAF Small Finance Bank, Federal Bank Limited, and EXIM Bank. His extensive background covers core banking operations, vigilance, fraud prevention, compliance, risk management, credit, forex, trade finance, governance, and ESG.

Prior to this role, Mr. Gopalakrishnan served as the Deputy Vice President in the Vigilance department of ESAF Small Finance Bank for six years, where he managed investigations, preventive vigilance, and training. He also held the position of AGM – Operations at EXIM Bank in Djibouti, East Africa, and gained significant exposure to Forex & Trade Finance, Credit, Branch Banking, Vigilance, and Risk Management during his tenure at Federal Bank Ltd.

Key Details of Appointment

Educational Qualifications

Mr. Gopalakrishnan holds an MBA and a Bachelor of Law degree. He is also a Certified Associate of the Indian Institute of Bankers (CAIIB) and holds a Certification in Small Finance Bank Operations. The appointment follows the disclosures required under the SEBI Master Circular dated January 30, 2026.

Dhanlaxmi Bank reported a 21.12% year-on-year increase in total business to ₹35,188 crore for the quarter ended June 30, 2026. The bank’s total deposits grew by 17.10% to ₹19,403 crore, up from ₹16,570 crore in the same period last year. Gross advances rose 26.47% to ₹15,785 crore, compared to ₹12,481 crore in the previous year.

The growth in advances was primarily driven by a significant surge in gold loans, which increased by 75.91% to ₹7,105 crore from ₹4,039 crore in the corresponding quarter of the previous year. MSME advances also saw a rise, growing 29.24% to ₹2,250 crore from ₹1,741 crore. The bank’s Current Account Savings Account (CASA) deposits improved by 19.55% to ₹5,589 crore.

The data is provisional and subject to review by the Statutory Auditors of the Bank. The disclosures were made pursuant to Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 and the Bank's Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information.

Business Performance Summary