Ratnakar Bank Limited (RBL)

by Sonam Singh 26-Feb-19

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RBL (Ratnakar Bank Limited) is one of India's fastest growing private sector banks with an expanding presence across the country. RBL is headquartered in Mumbai. Vishwavir Ahuja is the current Managing Director (MD) and CEO of the bank. RBL Bank has recently recognized for BFSI Digital innovation awards for enterprise mobility by express computers. RBL has also been awarded by "Aadhaar Excellence Award" for opening highest percentage of aadhaar centers in 2018. RBL bank represents itself with the tagline "Apno ka Bank".


History:

RBL Bank was founded in August, 1943 as a regional bank in Maharashtra with just two branches. In 1959, the bank was categorized as a scheduled commercial bank as per RBI Act. Vishwavir Ahuja became the managing director and CEO in year 2010 and changed its name to RBL Bank Limited. In 2016, RBL raised rs. 330 crores from UK based development finance institution, CDS group Plc (CDC), through Basel III Complaint Tier II Capital and it become a milestone in its history. RBL Bank is listed on both NSE (National Stock Exchange) and BSE (Bombay Stock Exchange), India.


Objectives of RBL

a) To engage and understand customer needs, provide best-in-class product and services.

b) To provide and enabling work environment to its employees.

c) To deliver robust and cost-effective banking services that promotes financial inclusion, catalyst growth and reduces social inequalities.

d) To demonstrate high corporate governance standards that protect and balances stakeholder interests in the journey to achieving short and long term business goals.


Products:

RBL currently services over 5.82 million customers through a network of 288 branches, 221 banking outlets and 390 ATMs spread across 21 Indian states and union territories.

a) Partnered with MoneyTap to launch India's first personal credit line based application.

b) RBL launched India's first social payments wallet Udio Wallet.

c) It started a financial literacy program "Saksham" in collaboration with CDC to provide education to 25,000 individuals and 300 villagers in Madhya Pradesh.

d) RBL made a strategic commitment towards sustainable development by making sustainability framework.


Services:

The Bank has a range banking services categorized in six business verticals:

1) Corporate & institutional banking

2) Commercial banking

3) Branch & business banking

4) Retail banking

5) Development banking 

6) Financial markets


Vision:

RBL bank is to become a 'Bank of Choice' by creating and nurturing enduring relationships through trust and respect of its customers, employees and partners.

For more information about RBL Bank - click here


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