Dhanlaxmi Bank Limited announced that it has received 'in-principle' approval from Reserve Bank of India for opening of 20 new branches and one administrative office. As part of its expansion plans, the Bank is planning to open 7 branches in Kerala, 4 branches in TamilNadu, 1 branch in Pondicherry, 3 branches in Karnataka, 3 branches in Andhra Pradesh and 2 branches in Telangana during the Fiscal Year 2022-23. The new administrative office has started functioning at Hyderabad.