RBL Bank (Ratnakar Bank) : RBL Bank (Formerly Known As Ratnakar Bank) Is An Indian Private Sector Bank Headquartered
RBL Bank (Ratnakar Bank) : RBL Bank (Formerly Known As Ratnakar Bank) Is An Indian Private Sector Bank Headquartered
RBL Bank (Ratnakar Bank) : RBL Bank (Formerly Known As Ratnakar Bank) Is An Indian Private Sector Bank Headquartered
RBL Bank (formerly known as Ratnakar Bank) is an Indian private sector bank headquartered
in the Mumbai and founded in 1943. It offers services in five sectors: corporate and institutional
banking, commercial banking, retail banking, agricultural development banking and financial
market access. The bank has a network of 324 branches and 341 ATMs across the country as of
July 2019.
In August 1943, Ratnakar Bank was founded as a regional bank in Maharashtra with two
branches in Kolhapur and Sangli. It mainly served small and medium enterprises (SMEs) and
business merchants in the Kolhapur-Sangli belt. It was founded by Babgonda Bhujgonda Patil,
an advocate based in Sangli, and Gangaram Siddhappa Chougule, a merchant from Kolhapur
and incorporated in Kolhapur district on 14 June 1943 as Ratnakar Bank Limited.
In August 1959, the bank was categorized as a scheduled commercial bank as per the Reserve
Bank of India Act, 1934. During this decade, it was referred to as an NH4 Bank. In 1970, it received
a banking license from the Reserve Bank of India (RBI).
In July 2010, Vishwavir Ahuja became managing director and CEO of the bank. In August 2014
the name of the bank was changed to RBL Bank Limited.
In the 2010s, RBL Bank reportedly raised Rs 4,000 Cr, from investors. The Bank raised Rs. 700
Cr in 2011, Rs 376 Cr. in 2013, Rs. 328 Cr. in 2014 and Rs.488 Cr in 2016. In July 2017, RBL
Bank received board approval to raise Rs 1680 Cr.
As per the Audited Report of March 31st 2019 here present the financials of the RBL Bank
(standalone)