RBL Bank likely to raise funds via IPO
10/11/2014 18:19
RBL Bank, formerly known as Ratnakar Bank, said that it has planned to raise funds through an initial public offer which will hit the market in the next 8-9 months, reported PTI. "We are preparing ourselves for the IPO and it may hit market in 8-9 months. It would not happen this fiscal but next calender year," RBL Bank Managing Director Vishwavir Ahuja told PTI. The quantum of offer has not been finalised by the board of the bank, he said, adding that the decision will be taken in the next few months after taking into account various factors including Basel III requirement, as per the media reports. The bank has been able to build scale and size in the last four years so that it gets right valuation, he said. The capital is required for the next phase of operation as the bank has already done with transformation stage, he said, adding it has got high technology and risk management system.
10/11/2014 18:19
RBL Bank, formerly known as Ratnakar Bank, said that it has planned to raise funds through an initial public offer which will hit the market in the next 8-9 months, reported PTI. "We are preparing ourselves for the IPO and it may hit market in 8-9 months. It would not happen this fiscal but next calender year," RBL Bank Managing Director Vishwavir Ahuja told PTI. The quantum of offer has not been finalised by the board of the bank, he said, adding that the decision will be taken in the next few months after taking into account various factors including Basel III requirement, as per the media reports. The bank has been able to build scale and size in the last four years so that it gets right valuation, he said. The capital is required for the next phase of operation as the bank has already done with transformation stage, he said, adding it has got high technology and risk management system.
