Tag: market capitalisation

Dhanlaxmi Bank to cut costs, not shutting branches.

Indian private lender Dhanlaxmi Bank said it does not plan to shut down branches or shrink operations, but has initiated steps, including salary cuts, to control costs as it grapples with pressured margins. “We have no plans to shut down any of our branches. We want to grow,” PG Jayakumar, the bank’s chief executive, told […]