RBL Bank Ltd. IPO – Details, Listing, Allotment, Prospectus, Latest News

RBL Bank Ltd is one of India’s fastest growing private sector banks. The Bank has cultivated a customer-centric culture where they use their industry domain knowledge, experience and technology with the goal of satisfying the client’s complete banking needs. They offer a comprehensive range of banking products and services customized to cater to the needs of large corporations, small and medium enterprises (“SMEs”), agricultural customers, retail customers and development banking & financial inclusion (low income) customers. They have been expanding their presence across India through a growing network of branches and ATM’s and upgrading their traditional delivery channels with modern technology-enabled channels like phone banking, internet banking and mobile banking.

Strengths:

• Client focused approach to business resulting in growing brand recognition
• Robust multi-channel distribution system
• Partnerships that expand their reach in rural markets
• Growing net interest and non-interest income

Key Highlights:

• Bank’s total income has grown from Rs 207.76Cr in Fiscal 2011 to Rs 2356.49Cr in Fiscal 2015, which represents a CAGR of 83.52% for the past four fiscal years.
• Their net profit after tax has increased from Rs 5.58 Cr in Fiscal 2011 to Rs 207.1 Cr in Fiscal 2015,which represents a CAGR of 146.75% for the past four fiscal years.
• Their deposits grew from Rs2042.15 Cr at the end of Fiscal 2011 to Rs17099.25Cr at the end of Fiscal 2015, which represents a CAGR of 70.10% for the past four fiscal years.
• Advances grew from Rs 1905.16 Cr at the end of Fiscal 2011 to Rs 14449.82 Cr at the end of Fiscal 2015, which represents a CAGR of 65.95% for the past four fiscal years.

Their branch network, which was historically concentrated in south western Maharashtra and northern Karnataka, has now expanded across India through a growing network of branches and ATM’s. During Fiscal 2014 and Fiscal 2015, they opened 59 new branches across various states including in the key cities of Kolkata, Delhi, Mumbai, Chennai, Bangalore and Ahmadabad. Their distribution network included 348 interconnected ATM’s as of March 31, 2015.

In addition, they have digital banking channels including mobile banking, internet banking and phone banking/IVR. They have developed micro-payment and branch less banking solutions as well as a business correspondent network to expand their customer reach beyond the traditional branch service area.

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