written like an advertisement . please help improve it by removing promotional content and inappropriate external links and by adding encyclopedic content written from a neutral point of view . april 2015 learn how and when to remove this template message rbl bank type private bank industry banking financial services founded august 1943 key people vishwavir ahuja md and ceo products corporate & institutional banking commercial banking retail banking agri & development banking financial markets 1 net income 207 crore us 31 million 2015 number of employees 3411 as on february 2016 website rblbank.com rbl bank limited formerly known as the ratnakar bank limited is a scheduled commercial bank headquartered in the kolhapur region of maharashtra . founded in august 1943 rbl is one of the oldest private sector banks in india . the bank currently services approximately 19 00 000 customers and has a total business size of over rs . 45 000 crores . it offers a range of banking products and services categorized largely in 5 verticals corporate & institutional banking commercial banking retail banking agri & development banking and financial markets . 2 as of july 2015 icra has reaffirmed the rating of icra a1 to the rs 2 250 crore enhanced from rs . 1 500 crore certificates of deposits programme of rbl bank . it has also reaffirmed the rating of icra maa with stable outlook on the fixed deposit programme and the rating of icra a1 to the short term fixed deposits programme of the bank . 3 contents 1 history 2 financial performance 3 operations 4 sectors 5 products & services 6 initiatives 7 awards & recognition 8 acquisitions 9 external links 10 references history edit in august 1943 ratnakar bank was incorporated as a small regional bank in maharashtra with two branches in kolhapur and sangli . it was founded by a group of eminent patriotic personalities to cater to the needs of small and medium business merchants in the kolhapur sangli belt . in august 1959 the bank was categorised as a scheduled commercial bank within the meaning of the reserve bank of india act 1934 . in the banking circles rbl bank was often known as the nh4 bank 4 since a majority of its business came from cities in and around the 1 235 kilometer long national highway that connected four of the 10 most populous cities in india from pune to chennai . citation needed in 2007 state bank of mauritius bought a 4.8 % stake in the bank . other shareholders included centrum group and indocean fund . 5 in july 2010 rbl bank underwent a transformation 6 during the difficult economic period following the global financial crisis as well as the economic slowdown that followed in india . the bank inducted mr. vishwavir ahuja 7 as the managing director & ceo to transform the institution from an old private sector bank to a new age bank . the bank also revamped the management by inducting professionals from the banking finance agriculture and other related fields . since then rbl has raised rs . 700 cr . in january 2011 and rs . 328 cr . in april 2014 . 8 9 investors include world bank body international finance corporation 10 gaja capital norwest venture partners india 11 aditya birla pe emerging india fund idfc spice fund and ascent capital and capvent . citation needed financial performance edit over the last three years rbl has infused capital of over rs . 1 500 cr from domestic and global investors taking the tier 1 capital to approximately rs . 2 000 cr . in the year 2015 16 rbl registered a profit of inr 292 cr up 40 % & paid a dividend of 15 % . as per the results declared in the fiscal year 2014 15 rbl had a balance sheet growth of 49 % and a 4 year cagr of 70 % . 12 13 operations edit as of march 2016 rbl bank has grown to a network of 193 branches and 362 atms 14 across 13 indian states and union territories . in 2014 the bank announced its plan to issue an ipo . 15 sectors edit as a full service bank rbl services large corporations small and medium enterprises smes agricultural customers retail customers and development banking & financial inclusion low income customers . citation needed products & services edit accounts fixed deposits credit cards loans insurance internet banking mobile banking investment services demat initiatives edit india s first credit card for golf enthusiasts in association with indian golf union shmart e wallet 16 india startup club with the indian government s campaigns like make in india and startup india rbl bank launched the india startup club to service the end to end banking needs of the emerging entrepreneurial community . 17 saksham a financial literacy programme in collaboration with cdc to provide education to 25 000 individuals and 300 villages in four districts of madhya pradesh . 18 another saksham programme was run in ahmedabad in 2013 . 19 swadhaar finaccess sfa in collaboration with swadhaar information and management services rbl bank started a financial literacy programme in gujarat and mumbai which held a classroom based financial literacy course for women from low income communities . banking partner for delhi daredevils 20 umeed 1000 cyclathon held in 2015 this was a fundraiser event in association with iimpact the ngo established by alumni of iim ahmedabad . cycling enthusiast jasmeet singh cycled with few bank employees for 1000 km . the mumbai to bangalore route raised rs .23 lakhs for children suffering from retinoblastoma a deadly form of eye cancer . and mumbai to delhi route raised rs .37 lakhs for providing primary education to empower young village girls in india . 21 22 23 24 awards & recognition edit featured at the 31st position in the fortune next 500 list of indian companies 2015 . other companies included makemytrip irctc and redington . 25 recognised as a global growth company 2014 by world economic forum 26 27 rated as india s best bank growth in the mid sized bank segment a business today and kpmg study in 2012 2013 & 2014 28 rated as the fastest growing small bank according to business world pwc best bank survey 2013 & 2014 29 ranked as the best bank in the priority sector lending private sector dun & bradstreet banking awards 2014 30 rated as the best indian banker small sized sunday standards best bankers award 2013 citation needed winner of the best core banking project india 2012 asian banker technology implementation award 31 acquisitions edit rbl bank bought a part of the indian business of the royal bank of scotland rbs india in 2013 . the deal included business of banking and credit cards and the mortgage portfolio leading to 1.2 lakh customers of rbs moving to rbl . 32 33 34 external links edit official website references edit rbl products . vc circle . retrieved 11 april 2016 . rbl bank files drhp to raise up to 173m in ipo . vc circle . retrieved 11 april 2016 . rbl bank credit rating pdf . rbl bank . retrieved 11 april 2016 . nh4 bank . business standard . retrieved 11 april 2016 . rbl bank investors . economic times . retrieved 11 april 2016 . rbl bank in 2010 . biz punditz . retrieved 11 april 2016 . about mr vishwavir ahuja md and ceo . bloomberg . retrieved 11 april 2016 . pre ipo preferential placement . economic times . retrieved 11 april 2016 . pre ipo preferential placement . business standard . retrieved 11 april 2016 . investment from ifc . economic times . retrieved 11 april 2016 . rbl bank goes for bigger plan . business standard . rbl bank q4 results . live mint . retrieved 11 april 2016 . annual report 2014 15 pdf . list of rbl atms . rbl plans to issue an ipo . the hindu business line . retrieved 11 april 2016 . eko wallet launch . medianama . retrieved 11 april 2016 . india startup club . the hindu . retrieved 11 april 2016 . rbl saksham in madhya pradesh . telegraph india . retrieved 11 april 2016 . saksham in ahmedabad . times of india . retrieved 11 april 2016 . rbl partners with delhi daredevils . times of india . retrieved 11 april 2016 . umeed 1000 cyclathon . times of india . retrieved 11 april 2016 . umeed 1000 cyclathon . business standard . retrieved 11 april 2016 . umeed 1000 cyclathon . ahmedabad mirror . retrieved 11 april 2016 . umeed 1000 cyclathon . dna . retrieved 11 april 2016 . fortune next 500 indian companies . economic times . retrieved 11 april 2016 . wef recognises rbl . telegraph india . retrieved 11 april 2016 . wef recognises rbl . business wire india . retrieved 11 april 2016 . india s best banks . business today . retrieved 11 april 2016 . business world pwc best bank survey . business world . retrieved 11 april 2016 . rbl certifications pdf . best core banking project awardee . information week . retrieved 11 april 2016 . rbs sells business to rbl . india times . retrieved 11 april 2016 . rbl acquires business from rbs . economic times . retrieved 11 april 2016 . rbl rbs acquisition . reuters . retrieved 11 april 2016 . v t e banking in india reserve bank reserve bank of india public sector banks allahabad bank andhra bank bank of baroda bank of india bank of maharashtra bharatiya mahila bank canara bank central bank of india corporation bank dena bank idbi bank indian bank indian overseas bank oriental bank of commerce post bank of india punjab & sind bank punjab national bank state bank of bikaner & jaipur state bank of hyderabad state bank of india state bank of mysore state bank of patiala state bank of travancore syndicate bank uco bank union bank of india united bank of india vijaya bank private sector banks axis bank bandhan bank catholic syrian bank city union bank dcb bank dhanlaxmi bank federal bank hdfc bank icici bank idfc bank indusind bank jammu & kashmir bank karnataka bank karur vysya bank kotak mahindra bank lakshmi vilas bank nainital bank rbl bank ratnakar bank south indian bank tamilnad mercantile bank limited yes bank cooperative banks buldhana urban cosmos bank repco bank saraswat bank shamrao vithal co op . bank tnsc bank rajkot nagrik sahakari bank foreign banks abn amro abu dhabi commercial bank antwerp diamond bank australia and new zealand banking group bank internasional indonesia bank of america bank of bahrain and kuwait bank of ceylon the bank of tokyo mitsubishi ufj barclays citibank india credit suisse deutsche bank hsbc the royal bank of scotland scotiabank standard chartered regional rural banks andhra pragathi grameena bank kerala gramin bank bangiya gramin vikash bank gramin bank of aryavart north malabar gramin bank pallavan grama bank pandyan grama bank paschim banga gramin bank sarva up gramin bank south malabar gramin bank uttar bihar gramin bank vananchal gramin bank list of regional rural banks in uttar pradesh interbank networks bancs cashnet cirrus imps upi mitr nfs plus rupay defunct banks alliance bank of simla arbuthnot & co bank of bombay bank of calcutta bank of chettinad bank of cochin bank of hindostan bank of madras bank of madura bank of rajasthan bank of thanjavur bareilley corporation bank bengal central bank bharat overseas bank centurion bank of punjab chartered bank of india australia and china commercial bank of india dass bank exchange bank of india & africa global trust bank grindlays bank hindustan commercial bank imperial bank of india ing vysya bank lakshmi commercial bank lord krishna bank madhavpura mercantile cooperative bank mercantile bank of india london and china miraj state bank nath bank nedungadi bank new bank of india