Dhanlaxmi Bank Limited was incorporated on November 16, 1927 by a Group of Enterprising Entrepreneurs (GEE) at Thrissur. It became a Scheduled Commercial Bank in 1977. Between 1927 to 1937, its services were localised in Thrissur. In 1937, it extended its service to Ernakulam and Palghat by opening branches there. By 1947, DBL's deposits generated stood at Rs 31 lac. In 1962, it took over three banks -- Lakshmi Prasad Bank, Radhakrishna Bank and Parli Bank.