1.

RBL : Ratnakar Bank Limited

Banking

What is the full form of RBL?

It represents Ratnakar Bank Limited.

It is a planned business bank settled in the Kolhapur locale of Maharashtra, India. It is set up in August 1943, one of the most seasoned private banks in India. Today, it is offering types of assistance to around 3.5 million clients through its organization of 245 branches and 374 ATMs. It offers a wide scope of banking items and administrations under six verticals which are as per the following: 

  1. Corporate and Institutional Banking 
  2. Branch and Business Banking 
  3. Business Banking 
  4. Agribusiness Banking 
  5. Advancement of Banking and Financial Inclusion 
  6. Depository and Financial Markets Operations 

Its vision is to be a Bank of Choice by creating and keeping up suffering connections through the trust and regard of clients, representatives, and financial specialists. Mr. Vishwavir Ahuja is the current (starting in 2017) MD and CEO of RBL bank. 

Key Products and Services of RBL

  • Investment accounts 
  • Fixed Deposits 
  • Charge and Credit Cards 
  • Credits and Insurance 
  • Versatile and Internet Banking 
  • Speculation Services 
  • NRI Banking and so forth 
  • Brief History of RBL
  • RBL was set up as a little, local bank in Maharashtra in August 1943. First and foremost, it had two branches in Kolhapur and Sangli. 
  • In August 1959, it was sorted as a Scheduled Commercial Bank. 
  • In July 2010, when Mr. Vishwavir Ahuja turned into the MD and CEO of RBL Bank, it went through an extreme change from an old private bank into an expertly overseen new-bank. 
  • In August 2016, it was recorded on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE). 
  • In FY 2015-16, it has enlisted a benefit of INR 292 crores and delivered a profit of 15%. 
  • In May 2016, it procured a 30% stake in Swadhar Finserve Pvt Ltd. 
  • In October 2016, it procured a 9.99% stake in Utkarsh Micro Finance. 
  • In June 2017, it was appraised as A1+ for the endorsements of the Deposits Program. 

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