CCI OKs Emirates NBD Bank's acquisition of 60% shareholding in RBL Bank
This story was originally published at 20:53 IST on 20 January 2026
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--CCI OKs Emirates NBD Bank's acquisition of certain shareholding in RBL Bk
NEW DELHI – The Competition Commission of India has approved Emirates NBD Bank's proposed acquisition of "certain" shareholding in RBL Bank Ltd., according to its post on social media platform X. Later, in a press release, the regulator said it had approved the Dubai-based lender's proposal to buy up to 60% stake in the Indian private-sector bank.
The proposal comprises a mandatory open offer under the Securities and Exchange Board of India norms representing up to 26% of the expanded voting capital of the bank. This would be followed by a preferential allotment of equity shares amounting to up to 60% of the total paid-up equity share capital of RBL Bank. The competition commission has also allowed Emirates NBD Bank to amalgamate its three branches in India with RBL Bank.
In October, Emirates NBD Bank had proposed to acquire up to 60% stake in RBL Bank for INR 268.50 billion, which was cleared by the Indian lender's board. The Dubai-based lender has already made an open offer for the bank's shares in December. In a post-earnings press conference Saturday, RBL Bank's management said it expects all regulatory approvals for the share purchase to be completed by the June quarter.
RBL Bank's net profit for the December quarter jumped up over six-fold to INR 2.14 billion on a total income of INR 47.17 billion. Shares of the bank Tuesday ended 3% lower at INR 293.70 on the National Stock Exchange Tuesday. The press release came after market hours. End
Reported by Aaryan Khanna
Edited by Ashish Shirke
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