RBL bank IPO review
RBL bank, earlier name Ratnakar bank was established in 1943 and currently it is one of the fastest growing private banks. It provides customer centric solution for almost all segments of Indian market like large institutions, Small Entrepreneurs, Individuals, etc. RBL boasts of robust management which took charge in 2010. The current MD and CEO of RBL bank is Mr. Vishwavir Ahuja. He previously served as MD and country CEO of Bank of America for the Indian subcontinent. Under his able and creative leadership, RBL has quickly transformed from a traditional bank to new age bank with usage of latest technology. In the last six years RBL has invested heavily in building strong banking platform. RBL has a total business size of over Rs 31000 crore. It has around 201 branches and 365 ATMs across 16 States and Union Territories. Issue Details · Issue date: 19 th August 2016 to 23 rd August 2016 · Issue price: Rs 224 to Rs 225. · Face value