Board Of Directors

Mr. Prakash Chandra Mr. Vijay Mahajan

Non-Executive Part Time Non-Executive Director
Chairman

R Subramania Kumar Ms. Veena Mankar 

Managing Director & CEOs Non – Executive Director

Ms. Ranjana Agarwal 

 Mr. Rajeev Ahuja Independent Director
Executive Director  

Mr. Ishan Raina  Mr. Vimal Bhandari

Independent Director Non-Executive Director
 Dr. Somnath Ghosh 
Non-Executive Independent Director

Mr. Chandan Sinha 

Non-Executive Independent Director

Mr. Manjeev Singh Puri

Non-Executive Independent Director

Mr. Yogesh Dayal

Additional Director
 Management Team

R Subramania Kumar Harjeet Toor

Managing Director & CEOs Head - Retail, Inclusion and Rural
Business

 Mr. Rajeev Ahuja

Executive Director Surinder Chawla
Head - Branch Banking

R. Gurumurthy
Head - Governance Jaideep Iyer
Head - Strategy

Brijesh Mehra
Head - Corporate, Institutional and Deepak Kumar
Transaction Banking Chief Risk Officer
 Sankarson Banerjee Prakash Gupta
Chief Information Officer Chief Compliance Officer

Sunny Uberai R. Rajagopalan

Head - Client Services Head - Internal Audit

Anand Bagri
Sanker Parmeswaran Head - Domestic Markets Group
Head - Legal

Pankaj Sharma N Hari Prakash

Chief Operations Officer Head - Enterprise Risk

Deepak Gaddhyan Amrut Palan

Chief Credit Officer (Wholesale) Chief Financial Officer
Corporate Banking

• At RBL Bank Corporate Banking, we provide your company with insightful and impactful banking
solutions by leveraging our wealth of experience and expertise. Our deep insight across clients in
India (and now outside India through our GIFT City Branch) have helped us provide tailor made
solutions to meet our client’s trade finance, cash management, treasury, investment banking, liability
management solutions and structured financing requirements.

• The Corporate Banking team at RBL Bank caters to the banking needs of large corporate groups
with turnover greater than Rs. 1,500 crores (Rs. 2,000 crores for Mumbai and Delhi).
•  
• At RBL Bank, we believe in building long term relationships with our clients. We look at our client
business holistically and provide customised solutions and digital offerings that cater to their every
need. This helps you and your team to concentrate on running your business more efficiently and
spend less time on managing the finance requirements of the business.
Wholesale Client Services
At RBL Bank we keep our customers at the heart of everything we do. Our Wholesale Client Services
team is dedicated to providing our clients best in class Trade and General Banking services. We aim to
achieve customer delight and peace of mind by :
 
 Engaging and understanding customer needs
 Providing best-in-class products and services
 Being responsive and quick in resolving queries

Our Wholesale Client Service team comprises of:

Trade Service Managers whose endeavour is to provide flawless handling of your trade related requests
and transactions.

Client Service Ambassadors who serve as the one-point of service contact for all our clients’ requirements,
service issues and queries.
RBL Bank Current Account
RBL bank is India’s fast-growing public sector banking company which
provides personalised business banking solutions. RBL Bank (Ratnakar
Bank Limited) is a scheduled commercial bank and it offers various
customized current account banking products and services to individuals as
well as businesses. A current account can be opened by business owners
and professionals who deal with a number of transactions on a daily basis. A
current account is a type of demand deposit account which includes
deposits, withdrawals of funds, and business transactions. A current account
allows the business people to carry out unlimited transactions without any
limit, subject to a banking cash transaction tax if any levied by the
government. In this article, we look at the various types of RBL Bank Current
Account in detail.
Features and Benefits – RBL Bank Current
Account
 A current account is designed to enable businesspeople and self-employed professionals to conduct
their business transactions efficiently.
 Current accounts do not provide any interest on the balance lying in current accounts with the bank.
 It offers a facilities outstation cheque collection for the quicker mobilisation of your funds.
 RBL Bank current account offers a premium internet banking facility mainly to manage the accounts
and fund transactions and secure bill payment.
 It also offers with the easy payment of direct taxes through online.
 It provides the account holders with the access to over 200 branches across the country for the
business transactions.
 It offers with the comprehensive Trade Finance & Foreign Exchange (FOREX) services and also
offers with the loans to expand the business.
 Holding the current account with RBL bank offers with the low costs in inter-city transactions for
payable-at-par cheque issuance, funds transfer, NEFT, RTGS or DD/PO.
Eligibility Criteria – RBL Bank Current
Account
 Resident Individual
 Hindu Undivided Family (HUF)
 Sole Proprietorship Firm
 Partnership Firm
 Private or Public Limited Company
 Limited Liability Partnership (LLP)
 Trust/ Association/ Club/ Society
 Foreign Institutional Investor (FII)
• Foreign National Residing in India
 Documents Required
Account opening Cheque
from existing
Resident Individual Savings/Individual Current
Account

Two passport size color

photographs Hindu Undivided Family
(HUF)
Address Proof: Aadhar Card,
Prescribed Application Form Valid Passport, Utility bill,
Property tax bill, etc
Id Proof and Address
Identity Proof: PAN Card,
Aadhar Card, Driving License, Proof of the Karta
Voter ID Card, etc.

Deed of declaration of
Photos of karta
HUF
 Individual KYC of the
proprietor as per Individual
KYC Section
Sole Proprietorship Firm

Two passport size color

photographs

Pan Card of the firm/ID Articles of

or addressIdentity
proof Proof: PAN Card, ID proof of the person holding
Aadhar Card, Driving License, POA Public/Private Association (AoA).
Voter ID Card, etc. Limited Company
Board Resolution
(BR).

Memorandum of
Association (MoA)

ID proof of all directors

Incorporation
Certificate
Pan card with
authorized signatures
 Limited Liability
Partnership (LLP)

Trust, Society,
Association & Club Address Proof: Aadhar Card of the
(TASC) sole proprietor/ entity, Valid
Passport, etc Identity Proof: PAN
Card of the entity
Registration Certificate
issued by Registrar of
LLP

Identity Proof: PAN Card of

the entity
Constitution document of Address Proof: Aadhar
The updated directors list
the entity to be submitted
Card of the sole
Two passport size proprietor/ entity,
color photographs Valid Passport, etc

LLP agreement Designated partners

updated list
RBL Bank Current Account Products

• RBL Bank Current Account products have been customised to provide business banking
solutions for different kinds of businesses. Entrepreneurs can select from the current account
products from the below list that suits their business requirements. The below following are the
some of the RBL bank current accounts.

 Traders Current Account

 Exceed Business Banking
 Business Account
 Self Employed Professional Current Account
 India Start-Up Club (ISC) Current Account
 Exceed Global Trade Current Account
Traders Current Account
• This current can be opened by the traders who run small businesses with the need for specific
requirements for the business. This current account for the traders serves the financial obligations
of the fast-growing business.

 Free cash deposit up to Rs.15 lakhs per month.

 RTGS and NEFT inward fund transfers (within RBL Bank) are free with this account.
• Demand Draft at RBL Bank Branch locations are free (if beyond the free limit – Rs. 50)

RBL Current RBL Current Non – Cash Deposit Requirement Cash Withdrawal
Account Average Maintenance of
Account           Monthly Balance AMB
(AMB) Requirement
Home Branch Non-Home Branch Home Branch Non-Home Branch

Traders Current Rs. 75,000 per month Rs. 1000 for AMB Rs. 2/1000 Min Rs. 50 Rs. 2/1000 Min Rs. Free Rs. 1/1000 Min Rs.
Account greater than Rs. per 50 per (Unlimited) 25/Txn
50,000/-

  transaction transaction
Exceed Business Banking
• This current can be opened by the business entities which provide the account holders with the
banking support in terms of its business expertise.
• Free unlimited ATM transactions at any bank’s ATM
• RTGS and NEFT inward fund transfers (within RBL Bank) are free with this account
• Demand Draft at RBL Bank Branch Locations is free ( if beyond the free limit – Rs. 50 )

RBL Current RBL Current

Account Average
Non –
Maintenance
Cash Deposit Requirement Cash Withdrawal

Account           Monthly Balance

(AMB)
of AMB
Home Branch Non-Home Branch Home Branch Non-Home Branch
Requirement

Exceed Business Rs. 50000 per If AMB is lesser than

or equal to 50% –
` 2/1000 Min ` 50/Txn 2/1000 Min ` 50/Txn Free (Unlimited) Free (Unlimited)
month
Banking Rs.600
 
If AMB is >= 50% –
Rs.400
Business Account
• This account provides the account holders with many business opportunities using the bank’s
financial services.

 Demand Draft at RBL Bank Branch locations is free (if beyond the free limit – Rs. 50)
 Visa International debit card is free of cost on opening this account.
 Free unlimited ATM transactions at any bank’s ATM

RBL Current RBL Current Account Average Non – Maintenance of AMB Cash Deposit Requirement Cash Withdrawal
Monthly Balance (AMB)
Account           
Requirement  
   

Metro Urban Rural/ Metro Urban Rural/ Semi- Home Branch Non-Home Home Branch Non-Home
Semi-Urban Urban Branch Branch

Business Rs. 5,000 Rs. 3,000 Rs. 1,000 If AMB is

<=50% – Rs.
If AMB is <=
50% -Rs 300
If AMB is >= 50% - Rs. 2.5/1000 Min Rs. 2.5/1000 Min Rs.
Rs 200 AMB is <= Rs. 50/Txn 50/Txn
Free (Unlimited) Free Rs. 1 Lac
per day
Account 150 AMB is >50%
– Rs. 100
50%-Rs. 75

 
 Analysis of FTNR report - previous
months
ANALYSIS THOUGH IR
• Discrepancies raised in multiple times not in one go which affects the efficiency of time.
• They don’t look into complete set off documents thoroughly they firstly overview the documents , and
they create discrepancies , I have observed multiple times in several IR
POACA A/C
• In POACA a/c OSV & CSIMP is not required , this query is raised multiple times although POA is authorised
by ORBIS FINANCIAL & they provide their stamp .
SOME COMMOM DISCREPANCIES
• Kindly attach clear photograph on 3rd page of CIF (although it is already clear )
• Kindly mention correct constitution whereas Bank WCS Department already mentioned e.g. AIF is a valid
Constitution ( they were not understanding it )
• Special Resolution is already attached but they still put in Discrepancies without checking.
BR REQUIRED
• Already BR is enclosed by bank without thorough check they continuously raising discrepancies
SUGGESTION
• If a user is raising 10 discrepancies WCS Department additional
confirmation or reissued again may 1 or 2 are valid but others are not
valid , I think there should be an Supervisory Team to cross check all
the Discrepancies again to improve the WCS department Score which
get impacted due to invalid discrepancies .