Dhan Laxmi Bank Base Rate, Dhan Laxmi Bank MCLR Base Rate Past Trend

Current Dhan Laxmi Bank MCLR Base Rate

Last Updated 29th Nov 2016
Tenure MCLR, Base Rate
Overnight 9.55%
1 Month 9.55%
3 Month 9.65%
6 Month 10.05%
1 Year 10.35%
Current MCLR base rate of Dhan Laxmi Bank ranges from 9.55% to 10.35% depending on the reset frequency of the loan. Rates are revised every month.
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Dhan Laxmi Bank Interest Rates
Home Loan Interest Rates 10.35% * Floating
Loan Against Property Rates 12.13% * Floating
Fixed Deposit Interest Rates 4.00% to 7.25% *

Past Trend Base Rate of Dhan Laxmi Bank

Dhan Laxmi Bank base rate history
Revised Date
Overnight MCLR
1 Month MCLR
3 Month MCLR
6 Month MCLR
1 Year MCLR
2 Year MCLR
3 Year MCLR
5 Year MCLR
07th Nov 16
9.55%
9.55%
9.65%
10.05%
10.35%
-
-
-
07th Oct 16
9.55%
9.55%
9.60%
10.00%
10.35%
-
-
-
07th Sep 16
9.55%
9.55%
9.70%
10.05%
10.35%
-
-
-
08th Aug 16
9.45%
9.45%
9.70%
10.15%
10.40%
-
-
-
07th Jul 16
9.80%
9.80%
10.00%
10.25%
10.40%
-
-
-
07th Jun 16
9.90%
9.90%
10.10%
10.20%
10.40%
-
-
-
07th May 16
10.05%
10.05%
10.05%
10.35%
10.45%
-
-
-

Dhan Laxmi Bank base rate Vs. RBI

  • RBI requires banks to set their own MCLR base rate based on their marginal cost of funds. So, Dhan Laxmi Bank decides its own base rate from time to time based on prescribed guidelines and formula of RBI
  • Note that the RBI does not decide the MCLR base rate of any bank
  • Effective 1st April 2016, the minimum base rate is determined based on marginal cost of funds and not on overall cost of funds. Dhan Laxmi Bank has different MCLR base rates ranging from 9.55% to 10.35% for different tenures

Changes in MCLR Base rate of Dhan Laxmi Bank

  • MCLR rate can be revised by Dhan Laxmi Bank every month
  • Note that it is not mandatory for Dhan Laxmi Bank to revise its rate every month and it may choose to retain the same rate for a longer period

Dhan Laxmi Bank home loan interest rate and MCLR

  • Every floating rate loan sanctioned by Dhan Laxmi Bank is benchmarked to its MCLR base rate for a particular tenure, say 1 month or 3 month or 6 months
  • Shorter duration loans (such as cash credit, OD facility, overnight loans) are linked to shorter duration MCLR rate while longer duration loans (such as home loan, loan against property, vehicle loan) are linked to longer duration MCLR rates
  • The applicable rate of interest on a floating rate loan will consist of two parts - the applicable benchmark rate and the spread or margin above the benchmark
  • Your loan from Dhan Laxmi Bank will be repriced periodically depending upon the tenure of the MCLR to which it is linked. So, a home loan linked to 1 year MCLR rate of Dhan Laxmi Bank will be repriced every year. Say, you take a loan at 1 year MCLR plus 50 bps spread when the 1 year MCLR is 10.45%. This loan will initially be priced at 10.95%. Its next re-pricing will be one year from now. If the 1 year MCLR rate after one year is 10.2%, the loan will be priced at 10.7% for the next year

Past trend of Dhan Laxmi Bank Base Rate vs RBI Repo Rate

Date Base Rate
04th Oct 16: 0.25% repo cut by RBI
05th Apr 16: 0.25% repo cut by RBI
03rd Nov 15 11.40% decreased by 0.1%
29th Sep 15: 0.5% repo cut by RBI
02nd Jun 15: 0.25% repo cut by RBI
04th Mar 15: 0.25% repo cut by RBI
15th Jan 15: 0.25% repo cut by RBI
28th Jan 14: 0.25% repo hike by RBI
18th Dec 13: 0% repo none by RBI
29th Oct 13: 0.25% repo hike by RBI
20th Sep 13: 0.25% repo hike by RBI
09th Sep 13 11.50% increased by 0.25%
03rd May 13: 0.25% repo cut by RBI
19th Mar 13: 0.25% repo cut by RBI
29th Jan 13: 0.25% repo cut by RBI
17th Apr 12: 0.5% repo cut by RBI
02nd Nov 11 11.25% increased by 0.25%
25th Oct 11: 0.25% repo hike by RBI
19th Sep 11 11.00% increased by 0.25%
16th Sep 11: 0.25% repo hike by RBI
01st Aug 11 10.75% increased by 0.5%
26th Jul 11: 0.5% repo hike by RBI
07th Jul 11 10.25% increased by 0.25%
16th Jun 11: 0.25% repo hike by RBI
21st May 11 10.00% increased by 0.75%
03rd May 11: 0.5% repo hike by RBI
07th Apr 11 9.25% increased by 0.5%
17th Mar 11: 0.25% repo hike by RBI
10th Mar 11 8.75% increased by 0.5%
25th Jan 11: 0.25% repo hike by RBI
01st Jan 11 8.25% increased by 0.75%
02nd Nov 10: 0.25% repo hike by RBI
09th Oct 10 7.50% increased by 0.5%
16th Sep 10: 0.25% repo hike by RBI
27th Jul 10: 0.25% repo hike by RBI
02nd Jul 10: 0.25% repo hike by RBI
01st Jul 10 7.00%

Dhan Laxmi Bank Base Rate Vs. RBI Repo Rate Trend

About Dhan Laxmi Bank

  • Dhan Laxmi Bank is a Private Bank in India with 280 branches, 398 ATM's across the country.
  • Dhan Laxmi Bank's registered office is located at Dhanlaxmi Bank Limited, PB No.9, Dhanalakshmi Buildings, Naickanal Thrisoor Kerala-680001.
  • For the year ended 31st Mar 15, the bank reported Net Interest Income of Rs. 299 crs. and Standalone net profit of Rs. -241 crs. Dhan Laxmi Bank reported total deposits of Rs. 12,382 crs and total advances of Rs. 7,400 crs.
  • Dhan Laxmi Bank's management is led by its CEO Mr.P.G. Jayakumar.
  • Highest fixed deposit interest offered by Dhan Laxmi Bank is 7.25% per annum on deposits.
  • Its current Base Rate is 11.40%, which was last revised on 03rd Nov 15.
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News - Dec 2016
20th Jun 16 Dhanlaxmi Bank Q4 loss narrows to Rs 131.6 cr
Dhanlaxmi Bank reported a lower Net Loss of Rs 131.6 crore during the March quarter of FY16 against the reported loss Rs 266.61 crore during the March quarter of FY15. Total Income of the bank declined by 3.8 per cent to Rs 323.98 crore in the quarter ended March 2016. On an annual basis, Dhanlaxmi bank net loss narrowed to Rs 209.45 crore as on FY16 compared to Rs 241.47 crore as on FY15
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