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Founded Year

1943

Stage

PIPE | IPO

Total Raised

$73.67M

Market Cap

1.91B

Stock Price

3.16

About RBL Bank

RBL Bank (NSE: RBLBANK) is an India-based commercial bank. The Bank offers specialized services under various business verticals including corporate and institutional banking, commercial banking, branch and business banking, retail assets, development banking and financial inclusion, treasury, and financial markets operations. The company was founded in 1943 and is based in Mumbai, India.

Headquarters Location

One World Center, Tower 2B, 6th Floor 841, Senapati Bapat Marg, Lower Parel (W)

Mumbai, 400013,

India

+91 22 4302 0600

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RBL Bank Patents

RBL Bank has filed 4 patents.

The 3 most popular patent topics include:

  • bearings (mechanical)
  • lubricants
  • continuous distributions
patents chart

Application Date

Grant Date

Title

Related Topics

Status

9/23/2019

10/24/2023

Lubricants, Bearings (mechanical), Engine technology, Tribology, Continuous distributions

Grant

Application Date

9/23/2019

Grant Date

10/24/2023

Title

Related Topics

Lubricants, Bearings (mechanical), Engine technology, Tribology, Continuous distributions

Status

Grant

Latest RBL Bank News

Paytm Payments Bank Board In Spotlight After RBI Crackdown

Feb 8, 2024

(Source: Paytm/Facebook) The crackdown at Paytm Payments Bank Ltd. is likely to be a precursor to the Reserve Bank of India revoking its licence. The RBI's fresh directions, including a bar on fresh deposits, came roughly two years after Paytm Payments Bank was asked to stop onboarding new clients. That suggests that all this while the bank was unable to take remedial measures.And while that raises questions about practices at the bank, the RBI's action also... The crackdown at Paytm Payments Bank Ltd. is likely to be a precursor to the Reserve Bank of India revoking its licence. The RBI's fresh directions , including a bar on fresh deposits, came roughly two years after Paytm Payments Bank was asked to stop onboarding new clients. That suggests that all this while the bank was unable to take remedial measures. And while that raises questions about practices at the bank, the RBI's action also puts the company's board in the spotlight. It includes experienced professionals from the finance and banking industry, a former bureaucrat and its first-ever CEO candidate. "It is a tricky situation in that sense because an associate of yours has to make independent decisions," Madhur Deora, chief financial officer of parent entity One97 Communications Ltd., had said on a Feb. 1 call a day after the RBI's strictures. "But if those decisions and those actions then are found to be incomplete or wanting from the regulator, and obviously, it has reputational risk on all of us." Founder Vijay Shekhar Sharma, a part-time chairperson at the payments bank, had a different opinion. "I'm very happy to tell you about the amount of work that we've done in (the) payments bank, although it has not achieved the fruitful result like you and I are seeing today," he had said. "In one of the audits from the regulator, it actually was said that we have seen material improvements. And that was very humbling for me to hear." Paytm Payments Bank has also seen frequent changes at its helm. Shinjini Kumar, now an independent director, was slated to be the chief executive officer but was replaced by Renu Satti right before its launch. Satti stepped down in July 2018, and was replaced by Satish Kumar Gupta, who left the bank in October 2022 and was replaced by incumbent Surinder Chawla. Here's the list of directors on the board of Paytm Payments Bank: Vijay Shekhar Sharma Sharma is a member of the board and the part-time chairperson of PPBL since its establishment in August 2016. He also owns a majority stake of 51%, with the rest held by Paytm parent One97 Communications. Surinder Chawla Chawla, managing director and CEO, has been on the board since February 2023. He was named the CEO in January 2023. Chawla joined Paytm from RBL Bank Ltd., which he joined in May 2013. He last served as the branch banking head. Prior to RBL, he spent about 12 years at prominent banks like Standard Chartered, ABN Amro and HDFC Bank Ltd. Bhavesh Gupta Gupta is a director on the board of Paytm Payments Bank since January 2022. He is also the chief operating officer and president of Paytm. Gupta has been associated with major banks like IDFC First Bank Ltd., ICICI Bank Ltd. and Clix Capital. ALSO READ

RBL Bank Frequently Asked Questions (FAQ)

  • When was RBL Bank founded?

    RBL Bank was founded in 1943.

  • Where is RBL Bank's headquarters?

    RBL Bank's headquarters is located at One World Center, Tower 2B, 6th Floor, Mumbai.

  • What is RBL Bank's latest funding round?

    RBL Bank's latest funding round is PIPE.

  • How much did RBL Bank raise?

    RBL Bank raised a total of $73.67M.

  • Who are the investors of RBL Bank?

    Investors of RBL Bank include British International Investment, Gaja Capital Partners, ICICI Prudential Life Insurance Company, BPEA EQT, Asian Development Bank and 7 more.

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