Overview of RBL:
The RBL full form is Ratnakar Bank Limited The institution is a licensed commercial bank. Credit cards, consumer banking, corporate banking, private banking, wealth management, and investment banking are just a few of the many goods and services it provides. The bank’s assets were estimated to be worth $7.1 billion as of 2017. There were 4,902 people working with the bank as of 2017. The bank had 488 ATMs in addition to 342 branches spread across India as of June 2018. Twenty states and Union Territories are home to the bank.
The institution is among India’s early private sector banks. RBL offers services along each of the six vertical axes, including
- Banking for businesses and institutions
- Business Banking
- Branches in commercial banking
- consumer investments
- Banking for expansion and financial inclusion
- Operations in the treasury and financial markets
History of RBL:
The bank was established in 1943. At first, it operated as a regional bank with two locations, one each in Sangli and Kolhapur. The Ratnakar Bank Limited became a scheduled commercial bank in 1959. Since Mr. Vishwavir Ahuja took over as CEO in 2010, the bank’s performance has improved and it has become more well-known. In the middle of 2014, the bank, formerly known as Ratnakar Bank, changed its name to RBL Bank. The bank applied for an initial public offering in 2016. (IPO).
On the first day of trading, the stock fluctuated around Rs. 299 per share. Over a period of two years, the stock price continued to rise as the bank’s performance improved. By the conclusion of the third week, the stock was trading for more than Rs. 570.
Final Thoughts:
The RBL full form is Ratnakar Bank Limited, services and products of RBL bank are saving accounts, providing credit and debit cards, fixed deposits, loans and insurance policies, various Investment services, and many more.