RBL Bank Limited (NSEI:RBLBANK) will raise INR 35 billion through QIP and INR 30 billion through issue of debt securities via private placement, according to an exchange filing. This will be RBL's first share issue via institutional placement since 2021 when the bank saw an abrupt management transition and the central bank increased scrutiny of the lender by temporarily appointing a director on its board amid reports of a large share of unsecured borrowing on its books. The fundraising comes at a time when the lender targets 20% growth in its loan book over the next two financial years, largely led by an increase in secured retail assets.

RBL, however, did not mention how it would deploy the proceeds of the latest capital raise.