RBL Bank Full Form | What Does RBL Bank Stand For?

RBL: Ratnakar Bank Limited

RBL Bank Full Form

RBL Bank full form stands for Ratnakar Bank Limited. RBL Bank, formerly known as Ratnakar Bank, is an Indian private sector bank headquartered in Mumbai and established in 1943.

It provides services in six vertical segments: corporate and institutional banking, commercial banking, and business banking, development banking, retail assets, and finance, financial inclusion, and financial market operations.

Brief Explanation

  • In August 1943, Ratnakar Bank was established as a regional bank in Maharashtra, with two branches at Kolhapur and Sangli.
  • It was incorporated on June 14, 1943, in Kolhapur District under the name of Ratnakar Bank Limited.
  • In 1959, under the Reserve Bank of India Act, 1934, the bank was classified as a Scheduled Commercial Bank. During this decade, it was called NH4 Bank.
  • In 1970, he obtained a banking license from the Reserve Bank of India (RBI).
  • In July 2010, Vishwavir became the Managing Director and CEO of Ahuja Bank
  • In August 2014, the name of the bank was changed to RBL Bank Limited.

Awards and Achievements

  • The best bank for microfinance such as Ammonia Best Bank Award 2019 by Euromoney
  • Best Small Bank, Business Today
  • Money Today Financial Awards 2019
  • Best Self Service Banking Initiative, Applications
  • Asian Banker Financial Technology Innovation Award by Asian Banker

What Is The Full Form Of RBL Bank?

RBL Bank full form stands for Ratnakar Bank Limited. It is an Indian private sector bank headquartered in Mumbai and established in 1943. In 1959, under the Reserve Bank of India Act, 1934, the bank was classified as a Scheduled Commercial Bank.

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