RBL Bank board OKs selling 60% stake to Emirates NBD Bank for INR 268.50 bln
This story was originally published at 20:16 IST on 18 October 2025
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--RBL Bank board OKs raising up to INR 268.53 bln from Emirates NBD Bank
--RBL Bk OKs raising funds from Emirates NBD Bk via pref issue of shrs
--Emirates NBD Bk to acquire 60% stake in RBL Bank post pref issue of shrs
MUMBAI - RBL Bank Ltd.'s board has approved selling 60% stake of the lender to Emirates NBD Bank for INR 268.50 billion. This will be the largest fund raise through preferential issue of shares by a listed company in India, the domestic lender said in an exchange filing Saturday. This will also be the first acquisition of majority interest in a profitable Indian bank by a foreign bank, it added.
RBL Bank's board also gave its nod for amalgamation of Emirates NBD Bank's branches in India into RBL Bank, which is expected to be completed after the stake acquisition. The infusion of capital in RBL Bank will strengthen its balance sheet, enhance tier-1 capital ratio, and provide long-term growth capital, the Mumbai-based bank said.
Incorporated in the UAE, Emirates NBD Bank is a leading global banking group, having presence in 13 countries and serves 9 million active customers. Its shares are listed on the Dubai financial market and has a market capitalisation of $43 billion as of Oct. 15, the exchange filing said. The Dubai government has a 56% ownership in the bank through Investment Corp. of Dubai and Dubai Holding Group.
For the quarter ended September, RBL Bank Saturday reported a 20% on-year fall in its net profit to INR 1.78 billion and 1% decline in its total income to INR 44.40 billion. Friday, its shares closed 2.4% lower at INR 299.50 on the National Stock Exchange. End
Reported by Anjana Therese Antony
Edited by Vandana Hingorani
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