Dubai-based Emirates NBD has received all regulatory and governmental approvals including from the Government of India for its acquisition of a majority controlling stake in RBL Bank Limited, paving the way for the imminent completion of what is being described as one of the most significant cross-border investments in India's financial services sector.
First announced on October 18, 2025, the deal involves Emirates NBD subscribing to approximately 959 million fully paid equity shares of RBL Bank at ₹280 per share through a preferential issue, representing around 60% of RBL Bank's post-issue paid-up share capital.
