RBL Bank was incorporated on June 14, 1943 under the Indian Companies Act, 1913 as ‘The Ratnakar Bank Limited’ and was granted a certificate of commencement of business dated July 5, 1943 by the Registrar of Joint Stock Companies, Kolhapur State. The name of the Bank was changed to its present name pursuant to a fresh certificate of incorporation issued by the RoC on November 24, 2014.
They are one of India’s fastest growing private sector banks in the last five years. The Bank has cultivated a customer-centric culture where they use their industry domain knowledge, experience and technology with the goal of satisfying the client’s complete banking needs. The Bank offers a comprehensive range of banking products and services customized to cater to the needs of large corporations, small and medium enterprises (‘SMEs’), agricultural customers, retail customers and development banking & financial inclusion (low income) customers. They have been expanding their presence across India through a growing network of branches and ATMs and upgrading their traditional delivery channels with modern technology-enabled channels like phone banking, internet banking and mobile banking. As of March 31, 2015, they had 183 interconnected branches and 348 interconnected ATMs spread across 13 Indian states and union territories serving over 1.3 million customers.
Business area of the company
RBL acquired certain Indian businesses of the Royal Bank of Scotland (RBS), including the RBS's business banking, credit card and mortgage portfolio businesses, in 2014. RBL's business segments consist of corporate and institutional banking, commercial banking, branch and business banking, agribusiness banking, development banking and financial inclusion and treasury and financial markets operations.
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