Ratnakar Bank is a Private Bank in India with 191 branches, 348 ATM's and 3,465 employees across the country.
Ratnakar Bank's registered office is located at RBL Bank Ltd. 1st Lane, Shahupuri, Kolhapur-416001 Maharashtra State, India
For the year ended 31st Mar 15, the bank reported Net Interest Income of Rs. 556 crs. and Standalone net profit of Rs. 207 crs. Ratnakar Bank reported total deposits of Rs. 17,099 crs and total advances of Rs. 14,450 crs.
Ratnakar Bank's management is led by its CEO Mr. Vishwavir Ahuja.
Highest fixed deposit interest offered by Ratnakar Bank is 8.25% per annum on deposits.
Its current Base Rate is 10.60%, which was last revised on 25th Jun 16.
08th Oct 16 Small Scale Industries - RBL Bank, NeoGrowth and OPIC sign pact to finance SME in India
RBL Bank, Neo Growth Credit Pvt. Ltd and Overseas Private Investment Corporation (OPIC), the U.S. Government development finance institution have jointly committed to provide financing for small and medium enterprises (SMEs) in the Indian retail space. RBL Bank loan will allow Neo Growth to provide loans ranging from Rs. 200,000 to 7,500,000 to the retail SMEs.
22nd Sep 16 Ratnakar Bank has reduced its MCLR from 22nd September, 2016
Ratnakar Bank has reduced its Marginal Cost Based Lending Rates (MCLR) across maturities, effective from 22nd September, 2016. The overnight, 6 month and 1 year has been reduced by 15 basis points to 10.00, 10.35 and 10.40 per cent respectively. The 1 month and 3 month MCLR has been reduced by 20 basis points to 10.00 and 10.15 per cent respectively. Similarly, 2 year MCLR has reduced by 10 bps to 10.40 per cent and 3 year MCLR reduced by 5 bps to 10.50 per cent. For borrowers who have taken floating rate home loan from Ratnakar Bank after April 1, 2016, the reduction in MCLR will translate into a reduction in their home loan rates.