Dhanalakshmi Bank plans rights issue

Here is the beginning of my post. And here is the rest of it.Thrissur-headquartered Dhanalakshmi Bank Ltd is contemplating a rights issue route to enhance its capital base. The bank’s Managing Director and CEO, Mr P.S. Prasad, maintained that the board has in-principle agreed for the rights issue, but the timing, size and price was being worked out. Asked about the likely time span, he said: "We want to complete the process by the close of this fiscal.” Claiming to be the principal banker for temples, churches and mosque, he said ‘over 1,800 temple accounts are with us. “We have bigplans for traders and SMEs,” he said but did not elaborate further. The bank is planning a co-branded credit card