From The Economic Times · PTI · · 1m 10s
RBL Bank Expands Capital Market Activities
RBL Bank evaluates broking and mutual fund entry as part of capital market expansion.
In brief
RBL Bank evaluates broking and mutual fund entry as part of capital market expansion. RBL Bank is evaluating broking and mutual fund foray to expand capital market activities while maintaining internal and group-level operations. Originally reported by The Economic Times.
RBL Bank evaluates broking and mutual fund entry
RBL Bank is evaluating a foray into broking and asset management as part of expanding capital market activities.
“All the plans are under evaluation”
No decision on broking or mutual fund entry
RBL Bank's managing director stated no decision has been reached on broking or mutual fund entry.
“All the plans are under evaluation”
Specialized units for broking and asset management
Asset management and mutual fund activities will be handled through specialized units outside the bank.
“Activities like the asset management company or mutual fund will have to be outside of the bank through specialized units”
Custodian and settlement services planned
RBL Bank plans to enter custodian and settlement services with a three-quarter timeline for implementation.
“Rbl bank is also proposing to enter the custodian and settlement services business”
Wealth management expansion underway
RBL Bank is investing in wealth management with focus on geographical and asset class expansion.
“The bank is investing in the service launched over six months ago”
Credit growth and RoA improvement
RBL Bank's credit growth will be 4 percentage points higher than system growth with RoA trending up to 0.92%.
“The bank's overall credit growth will be 4 percentage points higher than the system's credit growth”
The one thing
RBL Bank is evaluating broking and mutual fund foray to expand capital market activities while maintaining internal and group-level operations.
