RBL Full Form | Full Form of RBL Bank
RBL Full Form - Ratnakar Bank Limited
Ratnakar Bank Limited
- There is no full form of RBL. Earlier, it stands for Ratnakar Bank Limited. It's a scheduled commercial bank headquartered in the Kolhapur region of Maharashtra, India.
- It's established in August 1943, one among the oldest private bank in India. Today, it's providing services to around 3.5 million customers through its network of 245 branches and 374 ATMs.
- It offers a wide range of banking products and services under six verticals which are as follows:
- Corporate & Institutional Banking
- Branch & Business Banking
- Commercial Banking
- Agribusiness Banking
- Development Banking and Financial Inclusion
- Treasury and Financial Markets Operations
- Its vision is to be a Bank of Choice by developing and maintaining enduring relationships through trust and respect of customers, employees and investors. MrVishwavir Ahuja is the current (as of 2017) MD & CEO of RBL bank.
Ratnakar Bank Limited products
Key Products & Services
Ratnakar Bank Limited service
- Savings Accounts
- Fixed Deposits
- Debit and Credit Cards
- Loans and Insurance
- Mobile and Internet Banking
- Investment Services
- NRI Banking etc.
Brief History
- RBL was established as a small, regional bank in Maharashtra in August 1943. In the beginning, it had two branches in Kolhapur and Sangli.
- In August 1959, it had been categorized as a Scheduled commercial bank.
- In July 2010, when Mr. Vishwavir Ahuja became the MD and CEO of RBL bank, it underwent a radical transformation from an old private bank into a professionally managed new-bank.
- In August 2016, it had been listed on the National stock exchange ( NSE ) and Bombay stock exchange ( BSE ).
- In the FY 2015-16, it's registered a profit of INR 292 crores and paid a dividend of 15%.
- In May 2016, it acquired a 30% stake in SwadharFinservePvt Ltd.
- In October 2016, it acquired a 9.99% stake in Utkarsh Micro Finance.
- In June 2017, it's rated as A1+ for the certificates of Deposits Program.
Awards
- RBL has bagged many awards since its inception, some of which are as follows:
In 2012
- Asian Banker Technology Implementation Award
- Recognized as India's Best Bank (Growth) within the Mid-Sized Bank Segment
In 2013
- Sunday Standards Best Bankers Award
- Fastest growing small bank in Business World-PWC Best Bank Survey
In 2014
- Recognized as a global Growth Company by the world Economic Forum
- Emerged as a fastest growing small bank within the Business World-PWC Best Bank Survey
- Dun & Bradstreet Banking Award
- FE Best Bank Award
In 2015
- IDRBT Banking Technology Excellence Awards
- ESB (Enterprise State Bus) Deployment at Finnoviti 2015
- FE Best Bank Award
In 2016
- Mastercard Innovation Award
- IDRBT Banking Technology Excellence Award
- The Asian Banker Technology Innovation Award
In 2017
- Dun & Bradstreet Banking Award
- Megna Award for best growing small bank
- Vccircle Award for financial services company of the year
- IBA Banking Technology Awards
- Ernst & Young (EY) Entrepreneur of the Year 2016 India Awards
- Bagged the CNBC Asia's India Talent Management Award
CSR Initiatives
- Promoting Education : It promotes education by participating in projects related to skill training and development. It also supports the Krishi Vigyan Kendras ( KVK ), Industrial Training Institutes ( ITI ), and Farmers Service Societies (FSS).
- Preventive Healthcare : It includes health camps, blood donation camps, and other healthcare services from time to time. It also focuses on reducing infant and maternal mortality.
- Women Empowerment : It undertakes various activities to empower women through education, skill building etc. It also promotes women-based micro enterprises.
- Sustainable Livelihood : It creates livelihood opportunities by performing on water conservation, artificial recharge and through productivity enhancement.