RBL Bank formerly Ratnakar Bank is one of India's fastest growing private sector banks with an expanding presence across the country. The Bank offers specialized services under six business verticals namely: Corporate & Institutional Banking Commercial Banking Branch & Business Banking Retail Assets Development Banking and Financial Inclusion Treasury and Financial Markets Operations. It currently services over 4.9 million customers through a network of 266 branches and 199 including banking outlets and 369 ATMs spread across 20 Indian states and Union Territories. Established in 1943 RBL Bank started a transformational journey under a new management team in 2010. On 9 August 2013 Ratnakar Bank announced that that it has agreed to acquire Royal Bank of Scotland's Business Banking business Credit Cards business & Mortgage portfolio in India subject to approvals from Competition Commission of India (CCI). This transaction would complement well with Ratnakar Bank's existing business and would help it add strength in the desired product and customer segments. The transaction is expected to help the bank create further capabilities in a very short span of time and enhance CASA. On 10 April 2014 Ratnakar Bank announced the completion of a Rs 328 crore capital infusion as part of its third round of financing in the last three years led by leading global investors like CDC Group Plc and Asia Capital and Advisors Pte Ltd. Existing investors including International Finance Corporation and Gaja Capital also participated in this round. These new funds will assist the bank in expanding its branch network in semi-urban and rural areas of India as well as providing a suite of financial products and services to the unbanked sections of society.The name of the bank was changed from Ratnakar Bank to its present name RBL Bank pursuant to a fresh certificate of incorporation issued by the RoC on 24 November 2014. On 20 December 2015 RBL Bank announced completion of a Rs 488-crore pre-IPO preferential placement to certain international investors including Asian Development Bank (ADB) and CDC Group Plc among others. The fresh capital was raised for the purpose of augmenting the Bank's tier 1 capital base to meet the future capital requirements expected to arise out of growth in the Bank's assets and to comply with RBI's Basel III guidelines.In August 2016 RBL Bank's maiden initial public issue was oversubscribed 70 times. The stock debuted at Rs 273.70 on BSE on 31 August 2016 a 21.64% premium over the IPO price of Rs Rs 225 per share.On 27 September 2016 RBL Bank announced that it has raised Rs 330 crore from the UK-based development finance institution CDC Group Plc (CDC) through Basel III compliant Tier II capital. The Tier II debt will strengthen the capital base of the bank which in turn will support its businesses such as SME lending agribusiness financing and financial inclusion. The infusion will also help the bank expand to new regions within India.On 3 October 2016 RBL Bank announced the acquisition of a 9.99% stake in Utkarsh Micro Finance Ltd (UMFL) in what is a strategic move to reach out to the unbanked and underbanked segments of society. The bank is also entering into a MoU to extend its product portfolio to Utkarsh customers. UMFL has received in-principle approval from the RBI for setting up a small finance bank and is expected to commence operations soon.On 7 October 2016 RBL Bank NeoGrowth Credit Pvt. Ltd and Overseas Private Investment Corporation (OPIC) the US Government's development finance Institution jointly committed to provide financing for small and medium enterprises (SMEs) in the Indian retail space. RBL Bank will lend to NeoGrowth to enable it to provide loans to SMEs excluded from mainstream funding. This financing will be backed by a $5 million loan guarantee from OPIC. NeoGrowth a non-banking finance institution uses innovative technology to serve the funding requirements of SMEs which do not get loans easily from commercial banks owing to their small size inadequate credit history and lack of collateral.On 28 November 2016 RBL Bank and Bajaj Finance Ltd one of the most diversified NBFCs in India jointly announced a partnership to launch a series of co-branded credit cards for the Indian customers. This partnership will help RBL Bank further strengthen scale of operations in its rapidly growing credit cards business. These co-branded Credit Cards will be available for both existing as well as new customers of Bajaj Finance Ltd.On 30 November 2016 RBL Bank announced that it has become the first bank in India to launch Aadhaar Payment Bridge System (APBS) for micro finance loan disbursements. This was achieved by doing the first successful cashless disbursement to various beneficiaries in the rural segment across the country.On 6 April 2017 RBL Bank announced the opening of its IFSC Banking Unit (IBU) at the Gujarat International Finance Tec-City (GIFT City). With this RBL Bank has commenced offshore banking operations from India. The IBU will give RBL Bank access to international financial markets and the bank will offer a range of products and services to its clients. RBL Bank will raise foreign currency funds to meet its requirements in IBU and fund offshore subsidiaries of Indian companies other foreign firms and eligible Indian companies (via ECBs Bonds etc.).On 14 August 2017 RBL Bank announced that it has successfully completed the capital infusion of Rs 1680 crore from a set of marquee investors. The bank has issued 3.26 crore equity shares on preferential basis at a price of Rs 515 per share.On 27 November 2017 RBL Bank announced that it has increased its stake from 30% to 60.48% in Swadhaar Finserve Pvt. Ltd. (SFPL) - a captive business correspondent of RBL Bank - engaged in offering services to the financial inclusion segment covering MSME & Micro banking in rural and semi-urban areas. RBL Bank bought the additional 30.48% stake in Swadhaar Finserve in line with its business strategy to leverage technologies and partnerships and extend its service offerings to the under-banked.On 28 June 2018 RBL Bank announced that it has acquired 100% stake in Swadhaar Finserve Pvt. Ltd. (SFPL) - an exclusive business correspondent of RBL Bank engaged in offering services to the underbanked segment in rural and semi-urban areas. RBL Bank has brought this additional stake from marquee investors including global financial inclusion nonprofit Accion which has been instrumental in shaping Swadhaar into one of India's most effective lenders for underserved families and businesses. SFPL works as a last-mile distributor of comprehensive financial services and products particularly loans and savings products to low-income households and microenterprises across India.