RBL Bank rises on collaborating with Google to advance next generation customer experience

RBL Bank is currently trading at Rs. 137.40, up by 2.15 points or 1.59% from its previous closing of Rs. 135.25 on the BSE.

The scrip opened at Rs. 135.55 and has touched a high and low of Rs. 137.50 and Rs. 135.55 respectively. So far 290686 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 274.00 on 08-Jan-2021 and a 52 week low of Rs. 123.70 on 31-Dec-2021.

Last one week high and low of the scrip stood at Rs. 139.60 and Rs. 124.85 respectively. The current market cap of the company is Rs. 8107.57 crore.

The Institutions and Non-Institutions held 54.29% and 45.70% stake in the company.

RBL Bank and Google have entered into strategic collaboration to fuel the bank’s customer experience strategy and expand its value proposition to serve its rapidly growing customer base through its digital platform, Abacus 2.0. This collaboration will enable better customer data management, and analytics, enabling effective cross-selling within the bank’s large customer base and subsequently reducing the cost of customer acquisition, significantly. Through Abacus 2.0, the bank aims to provide a superior and holistic one stop solution to its existing and new customers, to seamlessly deliver its different product offerings across channels.

RBL Bank operates as a scheduled commercial bank. The bank offers its services under the five business verticals including corporate and institutional banking, commercial banking, retail banking, agri and development banking and financial markets. The bank was founded in 1943 and is based in Kolhapur, Maharashtra

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