The Thrissur based Dhanlaxmi Bank has reported a net profit of ₹43.49 crore for Q4 FY26 against ₹28.98 crore in the same quarter last year. Operating profit for Q4 was ₹113.67 crore against ₹38.68 crore in the last fiscal.  

The net profit for the whole FY26 was ₹102.75 crore compared to ₹66.64 crore. Operating profit for the period was ₹216.28 crore against profit of ₹95.10 crore in the last financial year.

Total business reached to ₹33,772 crore as on March 31, 2026 from ₹28,219 crore as on March 31, 2025. Total deposits stood at ₹18,643 crore from ₹16,103 crore.

CASA deposits reached to ₹5,380 crore from ₹4,647 crore. Gross advances improved to ₹15,129 crore from ₹12,206 crore, recording 23.95 per cent growth. Asset quality improved significantly with gross NPA coming down by 109 bps and net NPA coming down by 48 bps on a Y-o-Y basis to 1.89 and 0.51 per cent respectively.

Ajith Kumar K K, Managing Director and CEO said “The bank continued its positive momentum gained during the beginning of the FY, which resulted in registering the record growth in almost all business parameters alongside improved operational performance. The continued expansion in deposits and the excellent growth advances, along with other income helped in crossing the benchmark net profit of over ₹100 crore.

Published on April 28, 2026

The United Arab Emirates will leave OPEC, dealing a blow to the group and its leader Saudi Arabia as the global oil industry grapples with the massive supply disruption caused by the Iran war. 

The UAE’s exit May 1 after six decades of membership is a significant loss for the group, which has spent years balancing global oil markets and defending prices by managing crude supplies. Before the conflict erupted, the country was OPEC’s third-biggest producer, accounting for roughly 12% of the group’s overall supply.

The move is also the latest indication of how the war in Iran will reshape global energy markets for years to come.

While the UAE has talked in the past about quitting OPEC amid longstanding tensions with Saudi Arabia, Energy Minister Suhail Al Mazrouei said in an interview that the disruption caused by the war created an opportune time for the move. 

“This is a decision that we took after a very careful and long review of all our strategies” he said. “The decision is taken at the right time in our view because it’s not going to hugely impact the market: the market is undersupplied.”

The UAE believes that the shortages caused by the war will require agility to respond to market demands without being constrained by the collective decision-making process of the wider group, he said.

The departure follows years of tension with the leader of the Organization of the Petroleum Exporting Countries, neighboring Saudi Arabia, both over oil output policy and competition for regional political influence. Officials at OPEC’s secretariat in Vienna and the Saudi Energy Ministry didn’t immediately respond to requests for comment.

The two had clashed occasionally at OPEC+ meetings as the UAE sought to deploy new investments in oil production capacity, while Riyadh pressed the group to restrain supply. Such disagreements had brought Abu Dhabi to the brink of quitting OPEC before, though it never followed through.

Structurally Weaker

“The longer-term implication is a structurally-weaker OPEC,” said Jorge Leon, head of geopolitical analysis at Rystad Energy who previously worked at the OPEC secretariat.

“Outside the group, the UAE would have both the incentive and the ability to increase production, raising broader questions about the sustainability of Saudi Arabia’s role as the market’s central stabilizer.”

Other countries have left the organization in recent years. Angola quit at the end of 2023 after its output declined and the group’s leaders sought to impose a reduced production quota. Ecuador departed in 2020 as its output fell, while in 2018, minor producer Qatar quit in order to focus on building up its natural gas sector.

US President Donald Trump has also repeatedly criticized OPEC over the years for its efforts to support oil prices. 

In the immediate future the impact of the UAE’s departure will likely be limited, as war between the US and Iran throttles exports from the Persian Gulf — forcing the UAE, Saudi Arabia, Iraq and others to slash production rather than increase it. Oil futures are trading near $111 a barrel in London. 

Before the war erupted, OPEC+ had been in the process of reviewing the capacity of individual members, with a view to setting next year’s output quotas.

The UAE was also one of the only OPEC+ nations alongside Saudi Arabia with spare production capacity to bring to the market — at least on paper. It held about 660,000 barrels a day idle, according to the IEA, though several analysts and traders believed Abu Dhabi was already near its maximum.

The UAE’s state-run oil giant, Adnoc, has put the country’s oil production capacity far higher than other assessments, at 4.85 million barrels a day, close to a planned 5 million-barrel target. If reached, it would give the country considerable extra supply to bring to market. 

The UAE had been scheduled to attend a monthly video conference on Sunday, along with seven other major OPEC+ members, to discuss plans for gradually restoring production halted several years ago. 

More stories like this are available on bloomberg.com

Published on April 28, 2026