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WEF honour for RBL Bank

RBL Bank has won recognition by the World Economic Forum as a ‘Global Growth Company’ (GGC) 2014. The WEF’s honour for this year goes to the bank for being an innovative, dynamic, high-growth company with a robust business model and a strong executive leadership team. Companies in the GGC community are among the most influential and successful within their industries. As of January 2014, over 370 companies from over 60 countries have been admitted to the GGC community. Typically, these companies exceed their industry standards in revenue growth and innovative business practices, and have a track record of leadership and – above all – exemplary corporate global citizenship. Vishwavir Ahuja – MD & CEO of the bank, said the GCC award is a reflection of RBL Bank’s growing stature as an emerging Indian company with one of the fastest growth rates in the Financial Services Industry. It is also testimony of our commitment towards building a banking franchise based on a robust platform of high quality capital, professional governance, relationships, technology infrastructure and geographic expansion to create value for all our stakeholders. David Aikman, MD ad head of New Champions, WEF, said when choosing entrants to the community ofGGC, WEF assesses companies on their business model, annual revenues and growth rates, executive leadership and market position. RBL Bank, he said, is a dynamic group with clear potential to shape the future in its relevant business sectors and so is a perfect fit to the GGC community.

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