28 Oct 2025 | 5 Mins Read
RBL seeks DPIIT clearance to raise FDI limit to 74%
Flipitmoney
RBL Bank plans to approach the Centre to increase foreign direct investment (FDI) limit to 74% from 49%, a prerequisite for the acquisition by Emirates NBD Bank. The UAE's second-largest bank will acquire a 60% stake for $3 billion, the largest FDI in Indian banking, subject to shareholder approval on November 12 and DPIIT's approval for the higher FDI ceiling.