RBL Bank

RBL Bank Limited operates as a scheduled commercial bank in India. It operates through Corporate and Institutional Banking; Commercial Banking; Branch and Business Banking; Retail Assets; and Treasury and Financial Market Operations segment. The company's products portfolio include savings, current, and institution accounts, as well as fixed deposits. It also offers business, home, personal, car, and education loans, as well as loans against property, overdraft against property, loans against gold, working capital finance, and unsecured and secured small business loans; life, general, and health insurance products; investments services, such as wealth management, e-ASBA, and national pension system; and demat account. In addition, the company provides online tax and bill payment, online banking, digital and net banking, and merchant payment services, as well as debit, credit, and prepaid cards. Further, it offers mergers and acquisitions advisory, private equity capital advisory, project and infrastructure finance, structured finance, and real estate financing; cash management, trade and remittance, and supply chain finance services; and financial markets and treasury products, such as capital markets, and forex and bullion. Additionally, the company provides agribusiness, NRI, and signature banking services, as well as safe deposit lockers. As of June 30, 2022, it operated a network of 502 bank branches; 1,302 business correspondent branches; and 417 ATMs. The company was formerly known as The Ratnakar Bank Limited and changed its name to RBL Bank Limited in August 2014. RBL Bank Limited was incorporated in 1943 and is headquartered in Mumbai, India.


On August 6, 1943, Ratnakar Bank was founded as a regional bank in Maharashtra with two branches in Kolhapur and Sangli founded by Babgonda Bhujgonda Patil from Sangli & Gangappa Siddappa Chougule from Kolhapur. It mainly served small and medium enterprises and business merchants in the Kolhapur-Sangli belt. It was incorporated in Kolhapur district on 14 June 1943 as Ratnakar Bank Limited. In 1959, the bank was categorized as a scheduled commercial bank as per the Reserve Bank of India Act, 1934. During this decade, it was referred to as an NH4 Bank. In 1970, it received a banking license from the Reserve Bank of India .In July 2010, Vishwavir Ahuja became managing director and CEO of the bank. In August 2014 the name of the bank was changed to RBL Bank Limited.

To develop a professionally governed and managed platform based on relationships, knowledge, sector expertise and technology to: 1. Build a customer-centric Retail Banking Business. 2. Identify and partner with SMEs and Emerging Local Corporates (ELC) with outstanding business models, providing them a full range of financial services so as to enable them to become world-class enterprises. 3. Deliver robust and cost-effective banking services that promote Financial Inclusion, catalyze growth and reduce social inequalities.

Our vision is to create an institution that can become a catalyst for economic growth and a financially secure India.

Key Team

Babgonda Bhujgonda Patil (Founder)

Mr. Pankaj Sharma (Chief Operations Officer)

Mr. Ravi Pichan (Chief Information Officer)

Mr. Satish Dhawan (Chief Infrastructure & Admin. Officer)

Mr. Sanker Parmeswaran (Head of Legal)

Mr. Prakash Gupta (Chief Compliance Officer)

Mr. Abhijit Somvanshi (Head of Marketing & Communications)

Recognition and Awards
RBL Bank has won several awards including Best Bank of the Year Award by CNBC Awaaz, Best Private Bank in India by World Travel Awards, Best Private Bank in India by Business Today-MDRA

RBL Bank
Leadership team

Mr. Rajeev Ahuja B.Com, MBA (Head of Strategy, Retail, Transaction Banking, Financial Inclusion & Exec. Director)

Mr. R. Subramaniakumar (MD, CEO & Additional Director)

Gangaram Siddappa Chougule (Founder)

Products/ Services
Banking, Customer Service, Finance, Financial Services, FinTech
Number of Employees
1,000 - 20,000
Kolhapur, Maharashtra, India
Net Income
100M - 500M
500M - 1B
Traded as
Social Media
Wed Feb 28 2024

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