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RatnakarBank

RBL Bank(formerly Ratnakar Bank):Updates

Disclosure:I am market making in RBL Bank (formerly Ratnakar Bank)

The bank has put in a good performance in the last 6 months as shown in the table below:

 

Criteria As On 31 March,2013 As On 31 Dec,2013 Gain
Branches 125 149 19.20%
ATMs 184 292 58.70%
Advances(Crores) 6376 8287 29.97%
Deposits(Crores) 8341 9743 16.81%

 

RBL Bank is planning to issue 2.56 Crore Shares @ 135 Rs/Share on a preferential basis to the following investors:

  • Asia Capital Financial Opportunities Pte. Ltd.
  • CDC Group,UK
  • Gaja Trustee Company Pvt. Ltd.
  • GPE (India) Ltd.
  • International Finance Corporation
  • MCap India Fund Ltd.
  • Multiples Private Equity Fund
  • Multiples Private Equity  Fund I Limited
  • Norwest Venture Partners X FII-Mauritius

An EGM has been called on March 24,2014 in this regard.

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