RBL Bank

Savings & Current Accounts, Loans, Credit Cards, NRI Services, Investments | RBL Bank

RBL Bank, formerly known as Ratnakar Bank Limited, is a well-established private sector bank in India. Here are some key details about the bank:

History and Formation

• Founded: RBL Bank was established in August 1943¹.
• Headquarters: The bank is headquartered in Mumbai, Maharashtra¹.

Key Services and Products

• Consumer Banking: Offers a variety of products including savings accounts, fixed deposits, personal loans, home loans, and credit cards².
• Corporate Banking: Provides services like current accounts, business loans, trade finance, and treasury services¹.
• NRI Services: Specialized banking services for Non-Resident Indians².
• Digital Banking: Features robust internet and mobile banking platforms, allowing customers to manage accounts, transfer funds, and pay bills online².

Financial Performance

• Revenue: ₹15,437 crore (approximately US$1.8 billion) in 2024¹.
• Net Income: ₹9,086 crore (approximately US$1.1 billion) in 2024¹.
• Total Assets: ₹138,432 crore (approximately US$17 billion) in 2024¹.

Innovations and Achievements

• Digital Transformation: RBL Bank has been focusing on digital innovation to enhance customer experience and operational efficiency².
• Credit Rating: Holds a strong credit rating, reflecting its financial stability¹.

Corporate Social Responsibility (CSR)

• Community Initiatives: Engages in various CSR activities, including education, healthcare, and environmental sustainability projects¹.

Global Presence

• International Operations: While primarily focused on the Indian market, the bank also caters to the banking needs of the Indian diaspora through its digital platforms¹.