In September, Maharashtra-based RBL Bank Ltd debuted on the stock exchange after the lender got a strong response for its Rs1,211 crore initial public offer (IPO) in August. The bank’s market capitalisation is over Rs12,000 crore, which is higher than 27 of the listed banks as on 21 October. In the retail space, it has been aggressively working with fintech companies and its key focus has been in the payments space. As a step forward, RBL Bank received a nod from the National Payments Corporation of India (NPCI) to provide services under the Unified Payments Interface (UPI) platform. Rajeev Ahuja, its head of strategy, retail and financial inclusion, spoke to Mint about the bank’s retail portfolio and digital initiatives.
