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What is the full form of RBL

There is no full form of RBL. Earlier, it stands for Ratnakar Bank Limited. It is a scheduled commercial bank headquartered in the Kolhapur region of Maharashtra, India. It is established in August 1943, one of the oldest private bank in India. Today, it is providing services to around 3.5 million customers through its network of 245 branches and 374 ATMs. It offers a wide range of banking products and services under six verticals which are as follows:

  • Corporate & Institutional Banking
  • Branch & Business Banking
  • Commercial Banking
  • Agribusiness Banking
  • Development Banking and Financial Inclusion
  • Treasury and Financial Markets Operations

Its vision is to be a Bank of Choice by developing and maintaining enduring relationships through trust and respect of customers, employees and investors. Mr Vishwavir Ahuja is the current (as of 2017) MD & CEO of RBL bank.

Key Products & Services

  • Savings Accounts
  • Fixed Deposits
  • Debit and Credit Cards
  • Loans and Insurance
  • Mobile and Internet Banking
  • Investment Services
  • NRI Banking etc.

Brief History

  • RBL was established as a small, regional bank in Maharashtra in August 1943. In the beginning, it had two branches in Kolhapur and Sangli.
  • In August 1959, it was categorized as a Scheduled Commercial Bank.
  • In July 2010, when Mr. Vishwavir Ahuja became the MD and CEO of RBL bank, it underwent a radical transformation from an old private bank into a professionally managed new-bank.
  • In August 2016, it was listed on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE).
  • In the FY 2015-16, it has registered a profit of INR 292 crores and paid a dividend of 15%.
  • In May 2016, it acquired a 30% stake in Swadhar Finserve Pvt Ltd.
  • In October 2016, it acquired a 9.99% stake in Utkarsh Micro Finance.
  • In June 2017, it is rated as A1+ for the certificates of Deposits Program.


RBL has bagged many awards since its inception, some of which are as follows:

In 2012:

  • Asian Banker Technology Implementation Award
  • Recognized as India's Best Bank (Growth) in The Mid-Sized Bank Segment

In 2013:

  • Sunday Standards Best Bankers Award
  • Fastest growing small bank in Business World-PWC Best Bank Survey

In 2014:

  • Recognized as a Global Growth Company by the World Economic Forum
  • Emerged as a fastest growing small bank in the Business World-PWC Best Bank Survey
  • Dun & Bradstreet Banking Award
  • FE Best Bank Award

In 2015:

  • IDRBT Banking Technology Excellence Awards
  • ESB (Enterprise State Bus) Deployment at Finnoviti 2015
  • FE Best Bank Award

In 2016:

  • MasterCard Innovation Award
  • IDRBT Banking Technology Excellence Award
  • The Asian Banker Technology Innovation Award

In 2017

  • Dun & Bradstreet Banking Award
  • Megna Award for best growing small bank
  • VCCircle Award for financial services company of the year
  • IBA Banking Technology Awards
  • Ernst & Young (EY) Entrepreneur of the Year 2016 India Awards
  • Bagged the CNBC Asia's India Talent Management Award

CSR Initiatives

  • Promoting Education: It promotes education by participating in projects related to skill training and development. It also supports the Krishi Vigyan Kendras (KVK), Industrial Training Institutes (ITI), and Farmers? Service Societies (FSS).
  • Preventive Healthcare: It includes health camps, blood donation camps, and other healthcare services from time to time. It also focuses on reducing infant and maternal mortality.
  • Women Empowerment: It undertakes various activities to empower women through education, skill building etc. It also promotes women-based micro enterprises.
  • Sustainable Livelihood: It creates livelihood opportunities by working on water conservation, artificial recharge and through productivity enhancement.

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