Ratnakar Bank (RBL) is a regional private lender that provides banking services across five verticals: corporate & institutional, commercial, retail, agri & development banking, and financial markets. Founded in 1943, the bank pursued an expansion strategy starting in 2010 under a new management team and today operates across 12 Indian states. It has a business size of over $3.5 billion, serves more than 500,000 customers, and maintains a network of over 160 branches and 350 ATMs. The bank has grown via strategic deals, including acquisition of certain RBS portfolios in 2013, and continues to scale its branch and product footprint. Recent private fundraising has supplemented its capital base as it expands beyond its traditional strongholds in Maharashtra, Karnataka and Goa.

Total raised

$55M

Funding rounds

1

Latest round

Equity

Latest activity

Apr 2014