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July 30, 2015 12:26 AM ET

Banks

Company Overview of RBL Bank Ltd.

Company Overview

RBL Bank Limited operates as a scheduled commercial bank in India. The company operates through four segments: Corporate/Wholesale Banking, Retail Banking, Treasury, and Other Banking Operations. Its deposit products include savings accounts, current accounts, and fixed deposits. The company offers loans against property, overdraft against property, home loans, business loans, personal loans, education loans, car loans, and loans against gold and deposits. It also provides trade and foreign exchange products and advisory services; transaction banking solutions; working capital and term loans; customized banking solutions for industries, such as IT and ITES, hospitals, shipping, and leather; ...

Mahaveer, 179/E Ward

Shri Shahu Market Yard

Kolhapur,  416005

India

Founded in 1943

3,465 Employees

Phone:

91 23 1265 0981

Fax:

91 23 1265 7386

Key Executives for RBL Bank Ltd.

Chief Executive Officer, Managing Director, Executive Director, Chairman of Risk Management Committee, Member of Stakeholders' Relations Committee, Member of Anti-Fraud Committee, Member of Customer Service Committee, Member of Board Credit Committee, Member of Capital Raising Committee, Member of Board Investment Committee, Member of Human Resource / Remuneration Committee, Member of Corporate Social Responsibility Committee, Member of IT Strategy Committee and Member of Strategic Affairs Comm
Age: 55
Chief Financial Officer
Age: 40
Chief Operations Officer
Age: 49
Compensation as of Fiscal Year 2015.

RBL Bank Ltd. Key Developments

RBL Seeks IPO

RBL Bank Ltd. is seeking Initial Public Offer within a week. "We are preparing ourselves for the IPO and it may hit market in 8-9 months. It would not happen this fiscal but next calender year," RBL Bank Managing Director Vishwavir Ahuja. The bank has hired around nine investment banks to run the process. An investment bank commented that the bank is looking to raise INR 14.5 billion as IPO of which INR 11 billion will be raised to increase the capital adequacy ratio of the bank and the rest to give exit to a few private equity funds.

Catholic Syrian Bank Reportedly Mulls Sale Of Stake To Investors

The Catholic Syrian Bank Limited reportedly is seeking sale of stakes. “The Catholic Syrian Bank Limited is reportedly in talks to potential buyers as promoters look to offload their stakes. They are said to be seeking a valuation of about INR 11 billion to INR 15 billion crore for the lender, “said people aware of the negotiations." HDFC Bank Ltd. (NSEI:HDFCBANK) was approached for the deal and the talks are in a nascent stage," said one of them. "Catholic Syrian Bank had also approached a couple of other banks for the same deal." HDFC Bank did not respond to an email query. “RBL Bank Ltd. and IDFC Bank Limited are also said to be in negotiations with Catholic Syrian Bank,” according to the people cited above. Both banks denied this. It is learnt that Catholic Syrian Bank has given the mandate for the sale to Tejas Chokshi & Associates. Emails sent to Catholic Syrian Bank Chief Financial Officer PV Antony and Tejas Chokshi did not elicit any response.

RBL Bank Plans IPO

RBL Bank Ltd. is planning to raise funds through an initial public offer (IPO) which will hit the market in the next 8-9 months. “We are preparing ourselves for the IPO and it may hit market in 8-9 months. It would not happen this fiscal but next calendar year,” Vishwavir Ahuja, Managing Director of RBL Bank told PTI. The quantum of offer has not been finalised by the board of the bank, he said, adding that the decision will be taken in the next few months after taking into account various factors including Basel III requirement. The capital is required for the next phase of operation as the bank has already done with transformation stage, he said, adding it has got high technology and risk management system.

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