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Emirates NBD Bank planning to acquire controlling stake in RBL Bank
Oct-20-2025

Emirates NBD Bank is planning to acquire controlling stake in RBL Bank through a primary infusion of around $3 billion (around Rs 26,850 crore). The Board of Directors of Emirates NBD Bank (P.J.S.C.) (ENBD) and RBL Bank at their respective meetings held on October 18, 2025, have approved for entering into definitive agreements for the same. The proposed investment will be made via a preferential issue of up to 60% equity shares of the RBL Bank. As part of this transaction, ENBD will also make a mandatory open offer for the purchase of up to 26% stake from the public shareholders of RBL Bank. 

The Board of Directors of ENBD and RBL Bank also approved the amalgamation of the India branches of ENBD with and into RBL Bank as required by RBI guidelines. This amalgamation is expected to be completed after the execution of the preferential issuance into RBL Bank. The transaction brings together ENBD’s strong capital base and regional franchise with RBL Bank’s established presence and extensive distribution across India. The infusion will significantly strengthen RBL Bank’s balance sheet, enhance its Tier-1 capital ratio, and provide long-term growth capital, further enabling the Bank to deepen its deposit franchise and expand its footprint through calibrated branch network expansion. 

RBL Bank operates as a scheduled commercial bank. The bank offers its services under the various business verticals including corporate and institutional banking, commercial banking, retail banking, agri and development banking and financial markets.

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