RBL, (formerly known as Ratnakar Bank Limited) is one of the fast paced and emerging commercial banks in India. The bank is growing consistently and continuously, escalating its horizons in all the directions of the country. Incorporated in the year 1943, RBL evolved drastically through a metamorphosis under the guidance of the new management and emerged as one of the leading players in the field of finance and services in the year 2010.
RBL acquired the commercial, home loan and credit card business of Royal Bank of Scotland. The bank witnessed a flat profit growth for the financial year 2013-2014, which rose exponentially from Rs.1 Crore to Rs.93 Crores. This happened due to one-off charge that RBL had to pay to Royal Bank of Scotland (RBS) in India for acquiring their business. Along with the one off charge the Net profit that was obtained for the year 2013-2014 was Rs. 134 crore which was 44% higher than from the previous year. Net total income which was Rs. 384 crores in the preceding year also witnessed an increase by 57% i.e. Rs.603 crore at the closure of the financial year 2013-2014. RBL has been rated as “India’s Best Bank (Growth)” in mid-sized bank category by Business Today – KPMG study 2012 and 2013.
RBL renewed its core strength by laying its foundation on herculean advancement tactics along with immense professionalism, technology infrastructure, outstanding quality capital and reaching out to masses throughout the country. The bank was recognized as a Global Growth Company, 2014 by World economic forum.
Presently, RBL bank offers customized and tailor made solutions for financial services under five business verticals as enlisted:
1. Corporate and Institutional Banking
2. Retail Banking
3. Agriculture and development banking
4. Commercial Banking
5. Financial Markets
Currently, the bank ministers to the need of more than 14,00,000 satisfied customers and has a turnover of over Rs.31,000 crores. With its headquarter in Kohlapur, Maharashtra the bank operates through a nexus of 183 branches and 351 ATM's spread across 13 states in India
The bank has been offering various financial products and services to meet the needs of many
Loan Against Property
RBL bank offers loan against property for both salaried as well as a self employed person depending on your eligibility and the real value of your property to cater for your business as personal financial needs.
Overdraft Against Property
Overdraft against property is a financial product where you can avail an overdraft facility against your commercial or residential property as a collateral. This arrangement helps self-employed people to handle their funds so that the person pays only for what they use.
RBL Bank promotes enterprising individuals and offers them business loans with short term finance as well as capital for their operations in order to enable individual to expand their business and grow economically.
RBL Bank intends to offer personal Loans to salaried individuals to cater for their immediate financial needs. RBL provides easy to apply and quick to obtain personal loans that can be repaid though easy and low EMI and startling rate of interests.
Your dream home will no more remain in your dreams with hassle free RBL home loans. RBL provides home loans with quick documentation and processing.
Loan Against Gold
RBL Bank offers a Loan Against Gold to fund your instant liquidity supplies while you concentrate on living at ease.