RBL Bank will become the country’s first private sector bank to go public in more than a decade. DCB Bank Ltd’s IPO in October 2006 was subscribed 35 times, while Yes Bank Ltd’s IPO in June 2005 was subscribed 29.13 times, according to data by Capitaline, a corporate data provider. Specifically, with respect to RBL Bank, there was excitement among investors given the fact that it was the first private sector bank IPO in a decade. RBL Bank will become the country’s first private sector bank to go public in more than a decade. The last private sector bank to launch an IPO in India was Yes Bank Ltd, which raised Rs.315 crore in July 2005.

Source: Mint August 23, 2016 13:30 UTC