RBL Bank has launched a digital loan product for shopkeepers, under which the retailers will be able to get a credit of up to Rs 3 lakh. The bank has tied up with a B2B e-marketplace, Wholesalebox, and is targeting to extend the loans to its base of 25,000 shopkeepers.
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.
