UAE's central bank clears Emirates NBD to buy majority stake in RBL Bank
This story was originally published at 22:22 IST on 25 March 2026
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--RBL Bank: Emirates NBD Bk got UAE central bk OK to buy majority stake in bk
NEW DELHI – Emirates NBD Bank P.J.S.C. has received approval from the Central Bank of the United Arab Emirates for its proposed acquisition of a majority stake in RBL Bank and the amalgamation of its existing India operations into the bank, subject to the receipt of all necessary regulatory approvals, the Indian lender informed the stock exchanges Wednesday.
On Jan. 20, the Competition Commission of India had approved Emirates NBD's proposed acquisition of "certain" shareholding in RBL Bank. The anti-trust regulator had said it had approved the Dubai-based lender's proposal to buy up to 60% in the Mumbai-headquartered bank.
In October, Emirates NBD had proposed to acquire up to 60% stake in RBL Bank for INR 268.50 billion. The proposal was cleared by the Indian lender's board.
For the December quarter, RBL Bank's net profit had jumped over six-fold on year to INR 2.14 billion. Wednesday, its shares closed nearly 2.5% higher at INR 303.95 on the National Stock Exchange. End
Reported by Vaishali Tyagi
Edited by Rajeev Pai
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