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The Dhanalakshmi Bank Limited, now known as Dhanlaxmi Bank, was incorporated on November 14, 1927, in Thrissur, Kerala, by a group of local entrepreneurs under the Indian Companies Act, 1913. Founded initially with a small capital of ₹11,000, it began as a regional bank focused on meeting the financial needs of the community in South India, establishing its roots as one of the oldest private sector banks in the country. A key milestone in its institutional development was the designation as a 'Scheduled Commercial Bank' by the Reserve Bank of India (RBI) in 1977, which facilitated its expansion beyond Kerala.

Dhanlaxmi Bank operates today as an Indian private sector scheduled commercial bank, offering a full spectrum of retail, corporate, and digital banking services, with a notable specialization in gold financing. Although classified as a private sector entity, its shares are publicly listed and traded on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). Its significance in the Indian financial system lies in its long heritage and its role as a pan-India entity, though it maintains a strong presence in the southern states. The bank has, however, experienced periods of significant corporate governance and financial performance challenges, including high management turnover, marking its journey with both resilience and volatility in a competitive banking landscape.