RBL Bank

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RBL Bank
Private Bank
Industry Banking
Financial services
Founded 1943
Key people
  • Vishwavir Ahuja, MD and CEO
Products Personal banking
Commercial Banking
Corporate & Institutional Banking
Number of employees
2798
Website rblbank.com

RBL Bank The Ratnakar Bank Limited) is a scheduled commercial bank headquartered in in Kolhapur in Maharashtra. The bank serves 700,000 customers and has a total business of Rs 21,000 Crore. As of November, 2014, RBL has a network of over 185 branches and 370 ATMs across 13 Indian states.

History[edit]

The bank was established in 1943 as Ratnakar Bank. It was founded by a group of pre-eminent patriotic personalities to primarily cater to the small and medium businesses in the Kolhapur-Sangli belt. It was granted the status of a ‘scheduled commercial bank’ by the RBI in 1959. It began rapid expansion under a new management team in 2010. The bank now serves more than 10,00,000 customers and has a total business of Rs 20,000 Crore. Over the last three years, it has infused capital of over Rs. 1,500 Crores from some of the most notable global and domestic names, taking the TIER 1 capital to Rs. 2,000 Crores (approx).

In August 2013, it acquired Royal Bank of Scotland’s Business Banking business, Credit Cards business & Mortgage portfolio in India.
In April 2014, CDC Group plc, the UK’s development finance institution, bought 4.8% equity stake at US $28 million in RBL Bank [1]

Recognition[edit]

RBL Bank was recognized as a Global Growth Company 2014 by World Economic Forum.[2]
RBL Bank has also been awarded as Best Bank - Priority Sector Lending (Private Sector) at Dun & Bradstreet Banking Awards, 2014 [3]

References[edit]

  1. ^ http://www.cdcgroup.com/Media/News/CDC-announces-US28m-investment-into-Ratnakar-Bank-/
  2. ^ "RBL Bank recognised as a Global Growth Company". TheHinduBusinessline. 5 November 2014. Retrieved 5 November 2014. 
  3. ^ "Fact Sheet" (PDF). RBLBank. 30 August 2014. Retrieved 30 August 2014.