15 Oct 2025 | 5 Mins Read
Emirates NBD to Acquire Controlling Stake in RBL Bank
Flipitmoney
Emirates NBD seeks a 60% stake in Mumbai-based RBL Bank, after RBI informal approval for change of control. The acquisition will be through a fresh equity issuance not breaching India's 74% foreign investment cap. Total foreign shareholding is capped at 74%, with RBI reviewing these rules. The deal could significantly deepen Emirates NBD's India footprint and provide RBL Bank capital support.