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News - Jan 2017
13th Jan 17 RBL cuts saving account deposit rates to 6 percent
Ratnakar Bank has reduced its saving account deposit rate for deposits up to Rs. 10 lakhs to 6 percent as compared to 6.1 percent earlier. The revised deposit rate for bulk deposits up to Rs. 50 lakhs now stands at 6.5 percent as compared to 7 percent earlier. The rates are effective from 6th January, 2017.
22nd Dec 16 RBL Bank reduces its MCLR up to 45 bps
Ratnakar Bank Limited has reduced its overnight and one month marginal cost of lending rates by 30 bps to 9.70 percent as compared to 10 percent earlier. The revised MCLR rates for six month and one year lending now stands reduced at 9.80 and 9.85 percent respectively. The bank has also reduced its three year lending rate by 45 bps to 10.05 percent. New rates are effective from 22nd December, 2016.
14th Dec 16 RBL Bank organizes an initiative for girl child education
RBL Bank organised a cyclothon named Umeed 1,000 to raise funds and spread awareness for the education of underprivileged girl child. The theme of the initiative matches the core philosophy of the bank that is Apno Ka Bank.
01st Dec 16 RBL Bank launches Aadhaar based disbursement of micro loans
Ratnakar Bank has launched Aadhaar Payment Based System (APBS) scheme for micro loan disbursements. With this, RBL becomes the first bank to provide cashless disbursement of micro loans. Under the new system, the bank will transfer the loan amount directly to the Aadhaar enabled bank accounts of micro loan borrowers.
29th Nov 16 RBL Bank ties up with Bajaj Finance to launch co-branded credit cards
RBL Bank has announced a partnership with Bajaj Finance to launch a series of co-branded credit cards. The card will have many customer friendly features such as no cost EMIs, low interest rates and digital payment solutions along with other attractive offers and deals. The card will be targeted at customers who do not hold a credit card, both in metro and non metro cities.
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