RBI approves Emirates NBD's $3 billion stake in RBL Bank
after close1 source ↓written by the desknot a recommendation
- in RBL Bank
- 74% stake
- ~$3 billion
- ₹26,853 crore
- +0.017
- ₹301.70
The RBI has approved Emirates NBD's acquisition of a 74% stake in RBL Bank for ₹26,853 crore (~$3 billion). This marks a significant move in India's financial sector, with RBL now classified as a foreign bank subsidiary under new governance rules. While RBL shares saw a slight uptick, closing at ₹301.70 (+0.017%), the deal is expected to enhance funding prospects and influence institutional capital flows.
Not investment advice. For informational purposes only.