Morbi or Morvi is situated in the Morbi district of Gujarat. It used to be a Princely State that was ruled by the Ranas of Rajputs before the Indian independence in 1947. During the British era, the Morvi State was one among the several princely states that were governed by the Jadeja dynasty of Rajputs. The city is on the Kathiawar peninsula and is situated on the Machhu River. The dam on this river caused the Morbi disaster in 1979 when the Machu-2 dam burst, sending an enormous wall of water through the town and flooded Morbi. As of the latest census, Morbi has around 2 lakh residents who speak in Gujarati. Morbi experienced dynamic development n between 1922 and 1948, during which Sir Lakhdhiraji Waghji ensured commendable town planning and constructed many heritage buildings in and around the city. Morbi is known for its production of ceramic items and Compact Fluorescent Lamp. Moreover, the city is known to be the largest manufacturers of wall clocks in India.
RBL is a scheduled commercial bank, based in the Mumbai region of Maharashtra, India. It was founded in August 1943. In July 2010, Ratnakar Bank introduced Mr. Vishwavir Ahuja as the Managing Director & CEO. The Bank has a management of qualified individuals in the field of banking, finance, agriculture and other related areas. Since then, RBL has had some noteworthy investors such as HDFC Limited, Gaja Capital, Norwest Ventures, CDC Group Plc, Aditya Birla Private Equity, IDFC SPICE Fund, ICICI Lombard General Insurance, etc. Ratnakar Bank" was rebranded and was portrayed under a new name "RBL Bank" in Mid of the Year 2014. The RBL Bank was listed on the National Stock Exchange and Bombay Stock Exchange in August 2016. As of June 2018, It has a presence of 342 branches and 488 ATMs in 20 Indian states and Union Territories.RBL serves large corporations, small and medium enterprises, agricultural customers, retail customers and low income customers. Amongst 47 banks in the BCSBI Survey 2014-15, it was Ranked first on the commitment to its customers and Micro & Small Enterprises.RBL bank is also rated as Best Bank of India for growth in the mid-sized bank segment as per- A Business Today and KPMG study simultaneously in 2012, 2013, 2014 & 2015. Also, it was rated as the best small bank and best bank for the quality of assets in 2015.