Dhanalakshmi Bank, a private sector lender has rechristened the banks name as 'Dhanlaxmi Bank'. A special resolution was passed by the shareholders of the bank.
The filing said, "...Passed the special resolution for changing the name of the bank from the present 'The Dhanalakshmi Bank' to 'Dhanlaxmi Bank'."
The bank did not give any reason for going ahead with the name change.
The shareholders of the bank passed another resolution for issuing 2.10 crore equity shares to institutional buyers and investors.
They also took decision to seek a dividend of around 10 per cent, subject to approval of the Reserve bank. Earlier in a meeting held on May 11 the board of directors had recommended a 10% dividend.