RBL Bank’s board has approved raising of funds aggregating up to Rs 3,500 crore, including through issuance of equity shares/depository receipts and other securities including through QIP/GDRs/ ADRs/ FCCBs, or such methods. The Board of directors of the company at its meeting held on April 18, 2019 has approved for the same.
RBL Bank operates as a scheduled commercial bank. The bank offers its services under the five business verticals including corporate and institutional banking, commercial banking, retail banking, agri and development banking and financial markets. The bank was founded in 1943 and is based in Kolhapur, Maharashtra.
