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What went wrong at Dhanlaxmi Bank?

Finshots Daily

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The Danalakshmi Bank

In 2008, Amitabh Chaturwati came on board to usher in a new era for the regional bank. He was someone who had risen through the ranks at ICICI Bank and then Reliance Capital. In just three years, the bank's loan book grew from 2,500 crore rupees to 10,100 crores. It opened 66 new branches across the country and its employee's strength tripled.

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