RBL had previously secured a Rs174 crore equity investment from CDC Group in March 2014 and Rs44.5 crore in October 2015. It is also a reaffirmation of the close and long-term relationship we share with CDC,” RBL Bank managing director and chief executive Vishwavir Ahuja said. Before RBL Bank, the last private-sector bank to float an IPO was Yes Bank Ltd in 2005. One of its private equity investors, Beacon India Private Equity Fund, sold all its shares in the IPO. In 2015-16, RBL Bank reported a revenue of Rs3,234.85 crore, up from Rs2,356.49 crore a year earlier, and a profit of Rs296.8 crore, up from Rs208.45 crore a year earlier.

Source: Mint September 27, 2016 18:00 UTC