RBI Approves Emirates NBD's Acquisition of Up to 74% in RBL Bank

RBI grants Emirates NBD approval to acquire up to 74% stake in RBL Bank, subject to conditions including a 51% minimum holding and conversion to a foreign bank subsidiary.
The approval is valid for one year and requires RBL Bank to amend its Articles of Association and obtain other regulatory and government approvals.
The transaction remains subject to other regulatory clearances and conditions precedent as per the October 2025 investment agreement.