RBL Full Form- Ratnakar Bank Limited
Updated on 28 June, 2024
Akansha Semwal
Study Abroad Expert
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What is RBL? The full form of RBL is Ratnakar Bank Limited. One of the top private sector banks in India, RBL Bank is becoming more and more widespread throughout the nation. Corporate Banking, Commercial Banking, Branch & Business Banking, Retail Assets, and Treasury & Financial Markets Operations are the five business sectors within which the Bank provides specialised services. With a network of 528 branches, 1,206 business correspondent branches—of which 296 are banking establishments—and 408 ATMs dispersed over 28 Indian states and Union Territories, it presently provides services to approximately 14.31 million people. RBL Bank has an NSE and BSE listing (RBLBANK).
History of RBL bank
One of India's oldest private sector banks, Ratnakar Bank Limited or RBL Bank, formed in 1943, they have expanded considerably with years. The bank was established in Maharashtra and catered to the needs of small and medium sized enterprises (SMEs). RBL Bank has increased its presence in India over the years and broadened its range of services, offering a comprehensive suite of banking and financial products to customers in the retail, corporate, and business banking sectors.
A transformation journey began in 2010 with the new management, to make RBL Bank a modern, customer-focussed bank. This would entail fund raising from private equity investors, ramping up the technological infrastructure, expanding branch footprint and widening the product suite. The bank became public in August 2016 where it listed its shares on both National Stock Exchange (NSE) and Bombay Stock Exchange (BSE).
RBL Bank: Advantages and Disadvantages
Here are some of the major pros and cons of RBL Bank that customers should know more about.
| Advantages | Disadvantages |
| Offers diverse banking products, including savings accounts, loans, credit cards, and insurance. | Competitive but sometimes lower interest rates on savings accounts and deposits compared to newer banks. |
| Robust online and mobile banking platforms. | Some services and products may have higher fees compared to other banks. |
| Extensive network of branches and ATMs across India. | |
| Strong support for small and medium enterprises with tailored banking solutions. | |
| Strong capital base and investor backing. | |
Facts About RBL Bank
- In August 1943, RBL was founded in Maharashtra as a small regional bank. Initially, it had two branches in Sangli and Kolhapur.
- It was designated as a Scheduled Commercial Bank in 1959.
- When Mr. Vishwavir Ahuja took over as MD and CEO of RBL Bank in July 2010, the bank experienced a dramatic metamorphosis from a fresh, independently run bank to an established private institution.
- It was traded on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
Uses of Ratnakar Bank Limited
RBL Bank offers a variety of services such as the following.
- Personal Banking: Savings and current accounts, fixed deposits, personal loans, home loans, and credit cards.
- Business Banking: SME banking, business loans, working capital finance, trade services, and merchant services.
- Corporate Banking: Corporate loans, cash management services, trade finance, and treasury services.
- Wealth Management: Investment advisory, portfolio management, and insurance products.
- Digital Banking: Online banking, mobile banking, and digital payment solutions.
Products and services of RBL Bank
- Savings Accounts
- Credit and Debit cards
- Mobile and Internet Banking
- Fixed Deposits
- Investment Services
- NRI Banking etc.
- Loans and Insurance
Funding: From 2010 to the present, the Bank has raised Rs. 8,600 crore in equity capital and Rs. 1500 crore in Tier II debt that complies with Basel III. Among its shareholders are the Asian Development Bank, Barings Private Equity Asia, British International Investment (previously CDC Group), Multiples Alternate Asset Management, HDFC Ltd., ICICI Prudential Life Insurance, and Gaja Capital.
Branches of Ratnakar Bank Limited
RBL Bank has a widespread network of branches across India, with significant presence in Maharashtra, Karnataka, Tamil Nadu, Gujarat, and Delhi. As of the latest data, RBL Bank operates over 400 branches and over 1,200 ATMs across the country, serving millions of customers.
RBL Full Form in Hindi : The full form of RBL in Hindi is रत्नाकरबैंकलिमिटेड
RBL Bank Full Form: FAQs
What is RBL Bank Full Form?
The full form of RBL Bank is Ratnakar Bank Limited.
Is RBL private or government?
RBL is a private sector bank.
Is RBL Bank an Indian bank?
RBL is an Indian bank.
What is thе diffеrеncе bеtwееn RBL Bank and RBL Bank PRIME?
RBL Bank is the same bank as we all know a bank, which provides saving accounts, loans and credit card to its customers just like any other bank. On the other hand, RBL Bank PRIME is a premium banking offering from RBL Bank, which is designed for High Net worth individuals and is a comprehensive solution characterized by features such as higher yields on deposits, lower interest rates on loans, dedicated relationship managers and premium financial products.
This is in contrast to the regular services provided by the bank and RBL Bank PRIME intends to deliver a more personalized and superior banking experience.