RBL Bank Limited

Mumbai, India

RBL Bank Limited is a private sector bank in India offering a wide range of banking and financial services, including retail banking, corporate solutions, loans, and investment products. It is known for its innovative approach and customer-centric focus in the Indian banking landscape.

CCI Score

-22.74

0.02% April 18

Latest Event

RBL Bank: Employee Benefits and Perks

Glassdoor reviews indicate that RBL Bank offers robust employee benefits, including comprehensive health insurance, retirement plans, and employee discounts, which contribute to a supportive work environment. However, concerns about limited leave, high work pressure, and inflexible roles highlight areas where labor practices could be improved to better support worker rights.

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ACCOMPLICE

RBL Bank Limited is currently rated as an Accomplice.

-20 to -29 CCI Score

These companies profit from authoritarian practices through their business dealings. Although they may not be directly enforcing oppressive policies, their actions contribute to the economic and operational sustenance of authoritarian regimes.

Latest Events

JAN

01

2025

RBL Bank: Employee Benefits and Perks
19.42

Glassdoor reviews indicate that RBL Bank offers robust employee benefits, including comprehensive health insurance, retirement plans, and employee discounts, which contribute to a supportive work environment. However, concerns about limited leave, high work pressure, and inflexible roles highlight areas where labor practices could be improved to better support worker rights.
+20

Labor Relations and Human Rights Practices

January 1

Employee feedback on Glassdoor shows that while RBL Bank provides strong benefits and a supportive framework through comprehensive health insurance, retirement plans, and other perks, there are significant concerns related to high work pressure, limited leave policies, and inflexible roles. This mixed assessment results in a moderate rating for labor relations and human rights practices.

RBL Bank: Employee Benefits and Perks | Glassdoor
NOV

01

2024

RBI imposes monetary penalty on RBL Bank Limited
-47.74

The Reserve Bank of India has fined RBL Bank Limited for regulatory non-compliance, raising concerns over its business practices and ethical responsibility towards customer rights.
-50

Business Practices and Ethical Responsibility

March 22

The enforcement action by the RBI against RBL Bank Limited for non-compliance highlights serious deficiencies in its business practices. This regulatory penalty reflects a lack of accountability and transparency in handling customer disputes, undermining trust and signaling unethical operational standards.

RBI imposes monetary penalty on RBL Bank Limited
APR

01

2023

Penalty for Non-Compliance with KYC Rules
-32.58

RBL Bank Limited was fined Rs61.40 lakh by the Reserve Bank of India for failing to adhere to mandatory KYC guidelines. This penalty highlights serious deficiencies in the bank's regulatory compliance and ethical business practices, raising concerns about its commitment to consumer protection and ethical responsibility.
-40

Business Practices and Ethical Responsibility

March 22

The RBI’s imposition of a Rs61.40 lakh penalty on RBL Bank for non-compliance with KYC regulations is indicative of weak internal controls and poor adherence to regulatory standards. Such lapses not only erode public trust but also reflect unethical business practices that can indirectly support broader authoritarian tendencies by undermining accountability in the financial sector.

RBI Slaps Rs61.40 lakh penalty on RBL Bank for Not Complying with KYC Rules
JUN

27

2022

Deferral of Proposed Employee Union Strike
-30.19

RBL Bank Limited deferred a proposed union strike, raising concerns over its handling of labor relations and potential suppression of worker rights, a move viewed by some as aligning with authoritarian management practices.
-40

Labor Relations and Human Rights Practices

March 22

The decision to defer the proposed employee union strike suggests that RBL Bank may be actively discouraging union activities, potentially undermining labor rights. From an anti-fascist perspective, suppressing worker dissent can be seen as contributory to authoritarian practices. This move raises red flags about the bank’s commitment to robust labor relations and ethical responsibility towards its employees.

RBL Bank Says Proposed Employee Union Strike Deferred
JUN

22

2022

RBL Bank Employee Union Strike Impact
-22.61

RBL Bank Limited is facing potential operational disruption due to an anticipated employee union strike. This event highlights significant challenges in the bank's labor relations, raising concerns over its commitment to respecting worker rights and union activities.
-30

Labor Relations and Human Rights Practices

March 22

The reported union strike indicates underlying labor disputes and reflects the bank's failure to effectively address worker grievances. This situation suggests that the bank may not be upholding fair labor practices or adequately supporting union rights, which aligns with broader concerns about corporate complicity in undermining worker protections and socio-economic justice.

RBL Bank Expects Employee Union Strike to Impact Some Operations