RBL Bank shines on targeting more small businesses after tie-up with Tide
RBL Bank is currently trading at Rs. 215.35, up by 3.30 points or 1.56% from its previous closing of Rs. 212.05 on the BSE.
The scrip opened at Rs. 212.60 and has touched a high and low of Rs. 215.80 and Rs. 208.40 respectively. So far 132239 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 274.00 on 08-Jan-2021 and a 52 week low of Rs. 101.60 on 22-Apr-2020.
Last one week high and low of the scrip stood at Rs. 217.10 and Rs. 203.10 respectively. The current market cap of the company is Rs. 12797.64 crore.
The Institutions and Non-Institutions held 59.84% and 40.16% stake respectively in the company.
RBL Bank is targeting to on-board more small businesses after a recent tie-up with the UK-based financial services platform Tide. Tide provides a host of business solutions such as accounting, taxation and debt management. The tie-up will be a win-win for both the organisations and the lender will be able to attract more SME borrowers.
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.
