Private sector lender RBL Bank announced the appointment of Buvanesh Tharashankar as Head – Finance, with effect from August 14, 2023. According to the bank’s exchange filing, “Pursuant to Regulation 30, Schedule III, Part A, Para A (7) and other applicable provisions of the SEBI Listing Regulations, as amended, we hereby inform you that Mr.…
RBL Bank has roped in Ravi Pichan as Chief Information Officer of the company, according to ET report. In his 28-year career in the BFSI industry, Pichan has effectively handled complex portfolios of IT investments across organizations and geographies, led technology strategies and delivered transformation programs aligned with business strategy. Pichan joins RBL Bank from…
RBL Bank Limited announced the re-appointment of Rajeev Ahuja as Executive Director on the company’s Board, with effect from February 21, 2023. According to the company’s exchange filing, “we wish to inform you that the Board of Directors of the Bank at its meeting held on October 10, 2022 on the recommendations of the Nomination…
RBL Bank and Google announced a strategic collaboration to fuel the Bank’s customer experience strategy and expand its value proposition to serve its rapidly growing customer base through its digital platform, Abacus 2.0. This collaboration will enable better customer data management, and analytics, enabling effective cross-selling within the Bank’s large customer base and subsequently reducing…
WayCool Foods, agri supply chain startup, has raised $7.8 Mn in debt from Samunnati, RBL Bank, and InnoVen Capital. This follows the earlier debt financing round of USD 5.5 Mn which was guaranteed by United States International Development Finance Corporation (USIDFC) and financed by IndusInd Bank. WayCool also closed the Series C round of USD…
The management of RBL Bank addresses the prevailing concerns around the bank which is based on misinformation, and warrants clarification. RBL Bank Is Well Capitalized: As per the statement, the Bank remains adequately capitalized with a capital adequacy ratio of 16.08% with Tier-1 at 15.02% (Significantly higher than the prescribed regulatory requirement at 11.5% and…
RBL Bank, has announced that it has successfully concluded the QIP of Rs. 2,025 crore at the issue price of Rs. 351 per share (including premium of Rs. 341) pursuant to the allotment of 5.77 crore equity shares. The Bank had received approval for the capital raise from its Board of Directors on April 18,…
Ratnakar Bank Limited, a scheduled commercial bank headquartered in the Mumbai region of Maharashtra, today announced the appointment of Pankaj Sharma as Chief Operations Officer. Pankaj will oversee the bank’s operations and corporate services function. He would be reporting to R. Gurumurthy, Head of Risk & Governance at the Bank. Previously, he was working with Axis…