What is the full form of RBL Bank? – RBL Bank Full Form
The full form of RBL Bank is Ratnakar Bank Limited. It is one of India’s fastest-growing private sector bank established in August 1943.
RBL Bank is also referred to as NH4 bank. Since a majority of its business comes from cities in and around the National Highway 4. They have received multiple awards for their exceptional contributions to the banking sector.
RBL Bank’s current Managing Director (MD) and Chief Executive Officer (CEO) is Mr. Vishwavir Ahuja. He has close to 36 years of industry experience. Prior to joining RBL Bank, he was Bank of America’s MD & CEO from 2001 to 2009.
The bank has a customer base of over 9.63 million customers. It has 429 branches, 1,365 business correspondent branches, and 412 ATMs.
RBL Bank Ltd. trades on the National Stock Exchange (NSE) as well as the Bombay Stock Exchange (BSE).
RBL Bank operates in six verticals :
Corporate & Institutional Banking
Commercial Banking
Branch & Company Banking
Retail Assets
Treasury Operations
Financial Markets Operations
Brief History of RBL Bank1943 :Ratnakar Bank was founded in August 1943 as a regional bank in Maharashtra. The bank had two branches in Kolhapur and Sangli.It primarily served Small and Medium Enterprises (SMEs) and business merchants.
1959 :
Ratnakar Bank became a scheduled commercial bank under the Reserve Bank of India Act, 1934.
1970 :The Reserve Bank of India granted Ratnakar Bank a banking license in 1970.
August 2013 :
Ratnakar Bank announced the acquisition of Royal Bank of Scotland‘s credit card business.
August 2014 :
Its name is changed to RBL Bank Limited in August 2014.
2016 :
RBL Bank acquires a 9.99% stake in Utkarsh Micro Finance Ltd.
November 2017 :
RBL Bank increased its stake from 30% to 60.48% in Swadhaar Finserve Pvt. Ltd. (SFPL).
It offers services to the financial inclusion segment. It covers micro banking and MSME in rural and semi-urban areas.
June 2018 :
RBL Bank acquired 100% stake in Swadhaar Finserve Pvt. Ltd. (SFPL).
RBL Bank’s Key Personnel :
Managing director & CEO: Mr. Vishwavir Ahuja
Executive director: Mr. Rajeev Ahuja
Independent Director: Ms. Ranjana Agarwal
Chief Financial Officer: Mr. Amrut Palan
Company Secretary: Ms. Niti Arya
Chief Risk Officer: Mr. Depak Kumar[SP1]
RBL Bank’s Subsidiaries :RBL FinServe Ltd. is a subsidiary of RBL Bank. It was previously known as Swadhaar FinServe Pvt. Ltd.
RBL FinServe Ltd. is a comprehensive financial services distributor. They provide loans and savings products services to low-income households and micro-entrepreneurs.
Their mission is to make financial services accessible to economically vulnerable households and businesses. They aim to provide financial assistance to enable them to attain financial security.
Recommended Read: How to analyse a banking stock? A complete guide.Products and Services Offered by RBL Bank :
Accounts
You can open multiple types of accounts with RBL bank:
Savings Accounts
Current Accounts
Doctors Accounts
Special Institutions Accounts
The bank also offers locker facilities. Signature banking and aspire banking are their product extension. These are offered in domains like wealth management for exclusive customers.
Fixed DepositsRBL Bank offers attractive interest rates on various deposit and savings schemes. Here are few types of Fixed Deposits offered by RBL Bank-
Regular Fixed Deposits
This fixed deposit scheme is for depositors who depend on a regular fixed income. It comes the ones with minimal to no risk and decent returns.
Flexi Sure Fixed Deposits
A fixed deposit that is linked with your savings or current account. One can earn better returns and also enjoy more liquidity.
Recurring Fixed Deposits
This is for the fixed income groups to invest small amounts every month rather than investing in lumpsum.
Tax Saving Fixed Deposit
A flexible scheme with dual benefits of tax exemption under section 80C and attractive returns. Find out which bank has the best tax saving FDs in India.
There are a plethora of credit cards and plans that you can choose from with varying perks. For example, Insignia Preferred Banking World Card, RBL Bank Cookies Credit Card, etc.
Loans
RBL Bank offers the following types of loans:
Personal Loans
Overdraft Against Property
Business Loans
Affordable Housing Loans
Education Loans
Car Loans
Visit this page to browse through all the loan options available with RBL Bank.
Insurance
RBL also offers life insurance, general insurance, and health insurance covers. Visit this page to browse through all the insurance options available with RBL Bank.
Investment
You can create wealth with the RBL Bank through the various Investment Services they have, their e-ASBA portal, and the National Pension System.
Listing and Shareholding at RBL Bank :
%
Mar 2018
Mar 2019
Mar 2020
Mar 2021
FIIs
18.93
22.15
28.35
34.25
DIIs
13.54
21.27
27.22
22.74
Government
0.03
0.15
0.43
0.36
Public
67.5
56.42
44.01
42.64
Promoters do not hold any shares in RBL. 57% is held by financial institutions. A significant amount of FII holdings indicates increased confidence in the firm. This shows the confidence that RBL bank enjoys and therefore the stability in its share prices.
The public share has been decreasing over the years but it’s still a healthy 42%.
If the market price is significantly lower than the stock’s intrinsic value, the stock has a high margin of safety. It is a buy signal.
From a seller’s point of view –
If the market price is significantly higher than the intrinsic value, it a short sell opportunity. RBL Bank has a high margin of safety.
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