The full form of RBL is Ratnakar Bank Limited. RBL was founded in 1943 and had 324 branches around the country in various locations. Its headquarters are in Mumbai. The bank was one of India’s first private-sector banks. It offers services along all six vertical lines, which are as follows:
- Corporate and institutional banking
- Commercial banking
- Branch and business banking
- Retail investments
- Growth and financial inclusion banking
- Treasury and financial market operations
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History of RBL bank
- In August 1943, RBL was founded as a small regional bank in Maharashtra. It began with two branches in Sangli and Kolhapur.
- It was designated as a Scheduled Commercial Bank in August 1959.
- When Mr Vishwavir Ahuja took over as MD and CEO of RBL Bank in July 2010, it experienced a substantial transformation from an old private bank to a professionally run modern bank.
- In August 2016, it was listed on the NSE (National Stock Exchange) and the BSE (Bombay Stock Exchange).
Services and Products of RBL Bank
- Savings Accounts
- Credit and Debit cards
- Fixed Deposits
- Investment Services
- Mobile and Internet Banking
- Loans and Insurance
- NRI Banking etc.