RBA started lending to the Small rickshaw Owner, and driver who borrow the other auto on rent to buy new auto. But we found a mismatch between the Aspiration and Ability. The rickshaw Owner, and driver who borrow the other auto on rent was honest but the Equity at his command was not sufficient to support the credit levels required to buy a new auto.
We did not have the heart to send the rickshaw Owner, and driver who borrows the other auto on rent back empty handed; we decided to fund Pre-owned auto. This was the most momentous decision that we made. What followed was sheer magic.
From Driver to Owner, even if only of a Pre-owned auto and from Pre-owned auto to the new auto, we have been with him in his journey of Prosperity as he has been our partner in our road to success and leadership.
For us at RBA, credit-worthiness of the Small auto Owner has always been an article of faith. This faith has guided our journey from our pioneering days in financing Small auto Owners to the present day leadership. Today we are not only the leader in auto Finance; we are also city's largest Asset Based Non-Banking Finance Company.
Today, RBA has a network of over 7 branches spread across the Uttar Pradesh & Madhya Pradesh in Agra, Mathura and Aligarh; Firozabad, Hathras, Kanpur & Gwalior, covers 66% of auto Owners in this region. Soon the coverage will be extended to enable us to reach 100% of auto Owners.
Our upcoming branches in Bareily Bhopal, Alwar, Murena, and Bharatpur in the near future to tap the market in and around these areas.+ Read More
Nature of BusinessService Provider
Year of Establishment1996
Legal Status of FirmLimited Company (Ltd./Pvt.Ltd.)
Annual TurnoverRs. 10 - 25 Crore