RBL Bank has raised Rs 5.20 crore through corporate social responsibility (CSR) initiative focused on cycling in a bid to support education of underprivileged and special needs children. The bank has organised its 8th edition of cyclothon which had 159 cyclists pedal over 1.14 lakh km since October this year to raise the money for two schools, one each located in Hyderabad and Maharashtra.
In 2020, the bank had raised Rs 5.12 crore through the cyclothon initiative. The initiative has garnered funds over Rs 21 crores in the past eight years.
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.
