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.