Emirates NBD and RBL Bank announced the successful completion of Emirates NBD’s acquisition of a majority stake in RBL Bank through a primary capital infusion of approximately USD 2.75 billion (around INR 260 billion).
The transaction, originally announced in October 2025, has now been completed following receipt of all required regulatory approvals and satisfaction of closing conditions.
Key highlights:
• Emirates NBD invested approximately USD 2.75 billion in RBL Bank
• Emirates NBD now holds 60% of RBL Bank’s expanded share capital
• Largest foreign direct investment (FDI) in India’s banking sector
• Largest equity fundraise in India’s banking sector
• First acquisition of a majority stake in a profitable Indian bank by a foreign bank
• Transaction completed through a preferential share issuance and mandatory open offer
According to Emirates NBD, the investment reflects its long-term commitment to India, one of the world’s fastest-growing major economies, and strengthens its ability to support growing trade, investment and financial flows between the UAE and India.
The transaction is expected to significantly strengthen RBL Bank’s balance sheet, improve capital adequacy and support the bank’s long-term growth plans. Emirates NBD also highlighted RBL Bank’s strong management team, customer relationships, operating platform and growth potential as key factors behind the investment.
The partnership brings together:
• Emirates NBD’s regional banking expertise and international network
• RBL Bank’s established franchise across India
• A customer base of more than 15 million customers
• A network of 603 branches across 28 Indian states and union territories
His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of Emirates NBD, described the transaction as a reflection of the strong strategic partnership between the UAE and India and a milestone that further strengthens economic and financial ties between the two countries.
Emirates NBD currently operates in 13 countries and serves more than 10 million active customers globally. As of 31 March 2026, the group reported total assets of approximately USD 331 billion.
Source: Dubai Financial Market (DFM) Disclosure / Emirates NBD
Disclaimer: This post is for informational purposes only and should not be considered investment or financial advice.