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RBL Bank rises on entering into partnership with CreditVidya

Mumbai : RBL Bank is currently trading at Rs. 667.85, up by 3.85 points or 0.58% from its previous closing of Rs. 664.00 on the BSE. The scrip opened at Rs. 669.90 and has touched a high and low of Rs. 673.10 and Rs. 664.10 respectively. So far 20775 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 692.10 on 29-Mar-2019 and a 52 week low of Rs. 438.80 on 23-Oct-2018. Last one week high and low of the scrip stood at Rs. 680.00 and Rs. 651.90 respectively. The current market cap of the company is Rs. 28549.01 crore.

The Institutions and Non-Institutions holding in the company stood at 59.54 and 40.46 respectively. RBL Bank has entered into partnership with CreditVidya to improve the lender’s customer experience. Through this partnership, the bank will be able to gain significant insights into its customer base.

The bank had first partnered with CreditVidya in 2018 for instant and automated verification of employment details of salaried card applicants. 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.

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