What is the full form of RBL?
The full form of RBL is Ratnakar Bank Limited, which is an Indian private sector bank. Headquartered in Mumbai, the bank currently caters to 9.08 million customers through a network of 403 branches and 412 ATMs spread across 28 Indian states and Union Territories. RBL Bank offers banking and financial services across six business verticals as under:
- Corporate & Institutional Banking
- Commercial Banking
- Branch & Business Banking
- Retail Investments
- Development Banking and Financial Inclusion
- Treasury and Financial Market Operations
History of RBL Bank
- In June 1943, RBL Bank was incorporated in Maharashtra with two branches.
- In 1959, RBL Bank was listed in the category of the scheduled commercial banks.
- In 1970, the bank received a banking license from the Reserve Bank of India.
- In August 2014, the name of the bank was changed to RBL Bank Limited.
- In August 2016, RBL Bank was listed on the NSE (National Stock Exchange) and BSE (Bombay Stock Exchange).
Services offered by RBL Bank
Here is a list of key products and services offered by RBL Bank:
- Cards: Credit cards, debit cards
- NRI deposits: NRE fixed deposits, NRO fixed deposits, FCNR deposits
- Accounts: Savings account, current accounts, doctors account, Demat account
- Fixed deposits: Recurring deposits, tax saving fixed deposits, senior citizen fixed deposits, etc.
- Loans: Housing loans, loan against property, OD against property, business loans, personal loans, car loans, etc.
- Insurance: Life insurance, health insurance, general insurance
- Investments: e-ASBA, National Pension System
- NRI accounts: ACE NRE savings account, ACE NRO savings account, NRI individuals current account
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