RB

Company Research Report: RBL Bank Ltd.



Company Overview



  • Name: RBL Bank Ltd.

  • Mission of the Company:

  • Customers at the Heart: Engaging and understanding customer needs to provide best-in-class products and services.

  • Employees as the Pillar: Promoting an enabling work culture where career aspirations can be realized.

  • Community as the Cause: Delivering cost-effective banking services to promote financial inclusion.

  • Shareholder Value as the Focus: Upholding high corporate governance standards.

  • Founded: 1943

  • Founders: No information is available

  • Key People:

  • Chandan Sinha: Non-Executive Independent Director (Part Time Chairman)

  • R Subramaniakumar: Managing Director & CEO

  • Rajeev Ahuja: Executive Director

  • Headquarters: No information is available

  • Number of Employees: No information is available

  • Revenue: No information is available

  • Known For: One of India’s leading private sector banks providing specialized services under five business verticals: Corporate Banking, Commercial Banking, Branch Banking & Retail Liabilities, Retail Assets, and Treasury & Financial Markets Operations.


Products



GO Account


  • Description: Zero Balance Digital Savings Account.

  • Key Features: Zero banking fees, free premium debit card, unlimited ATM withdrawals, one-time account opening fee.


Vijay Fixed Deposits


  • Description: Fixed deposit scheme.

  • Key Features: Attractive interest rates, assured returns, flexible tenure options.


Loans (Housing, Education, Personal, etc.)


  • High Level Description:

  • Housing Loan: Hassle-free loan process with minimal documentation.

  • Education Loan: Loans for higher education with competitive interest rates and flexible repayment.


Credit Cards


  • High Level Description: Variety of credit cards offering different benefits.

  • Key Features of Examples:

  • ShopRite Credit Card: Offers tailored for smart shopping.

  • Platinum Maxima Plus Credit Card: Features specific offers and benefits.


Current and Savings Accounts


  • High Level Description:

  • Savings Account: Competitive interest rates and flexibility in managing funds.

  • Current Account: Overdraft protection and easy fund access.


Recent Developments



  • August 23, 2024: Launched ShopRite Credit Card.

  • August 14, 2024: Enhancements in fixed deposit benefits for senior citizens.

  • August 01, 2024: Introduced RuPay Credit Cards with UPI and NCMC functionalities.

  • July 20, 2024: Released Q1 Earnings Report for FY 2024-25.

  • April 27, 2024: Released Q4 Earnings Report for FY 2023-24.

  • CSR Initiatives:

  • March 08, 2024: Distributed bicycles and school-kits to girl students in Nagpur under the UMEED 1000 initiative.

  • March 06, 2024: Distributed bicycles and school-kits to girl students in Jaipur.

  • March 04, 2024: Distributed bicycles and school-kits to girl students in Guwahati.

  • February 24, 2024: Inaugurated Suryoday RBL School for Children with Special Needs.

  • December 27, 2023: Went live on Goods and Services Tax (GST) portal.


Conclusion



RBL Bank Ltd. continues to evolve as a leading private sector bank in India by introducing innovative products, expanding its service range, and implementing robust CSR activities aimed at elevating societal welfare. The commitment to being a 'Bank of Choice' reflects in their expanding customer base and the versatility of their offerings.

Note: For any further specific information, it is advisable to refer directly to the bank's official announcements and financial reports.