Vizag or Vishakhapatnam is not only a popular tourist destination but also the largest and one of the most popular cities in the Indian state of Andhra Pradesh. Vizag has a natural harbor and the oldest shipyard in the country. The cargo port at Visakhapatnam is one of the busiest in India. This Port city is considered as a jewel on the eastern coast of India and it is a prized territory of the Andhra Pradesh government. The financial capital of the state is located in Vishakhapatnam, thus increasing the importance of the city. Vizag offers a rich and ancient culture and the lip-smacking dishes of authentic Andhra cuisine alongside a feel of a modern developing city. Vishakhapatnam is a harmonious amalgam of the enchanting past and the bustling present, along with a breathtaking panoramic view of beautiful golden beaches, lofty hills with cliffs, lush green fields, verdurous valleys and splendid monuments. Vizag has some of the most beautiful beaches in the country that offer scenic beauty of a picturesque landscape. The Ramakrishna beach and the Rushikonda beach get visitors from all over the nation. This city has witnessed waves of development after the separation of Telangana and Andhra Pradesh as the AP government is working hard to transform the city into a smart city.
Ratnakar Bank was founded in August 1943. According to Business World-PWC Best Bank Survey, it was rated as the fastest growing small bank simultaneously in the year 2013, 2014 and 2015. In the year 2013, it bought a particular business of the Royal Bank of Scotland due to which 1.5 lakh of RBS customers moved to RBL Bank. In the year 2016, it acquired a 30% stake in Swadharv Finserve Pvt Ltd.RBL bank started the first credit card for Gold enthusiasts in association with Indian Gold Union. To support the government campaigns such as Make In India and Startup India, the RBL Bank came up with the Startup Club to fulfill the end to end banking needs of the emerging entrepreneurial community. It has also started the financial literacy program referred to as "Shaksham" in association with CDC to provide education to 25000 individuals and 300 villages in the four districts of MP. The RBL bank has also been a banking partner for the Delhi Daredevils. RBL even started another financial literacy program "Swadhaar Finaccess" for women from lower-income communities in association with Swadhaar Information and Management Services in Gujarat and Mumbai.