Board Meeting Details

The Board of Directors meeting was held on July 17, 2026, commencing at 3:03 PM and concluding at 3:57 PM.

Financial Results Approval

The Board approved the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026 (Q1 FY27), as recommended by the Audit Committee.

Key Financial Figures - Standalone (₹ in lakh)

Income Statement:

  • Interest earned: ₹384,025 (Q1 FY27) vs ₹344,109 (Q1 FY26)
  • Interest on advances: ₹310,714
  • Income on investments: ₹53,839
  • Interest on balances with RBI: ₹14,442
  • Other interest: ₹5,030
  • Other income: ₹95,943
  • Total income: ₹479,968
  • Interest expended: ₹218,580
  • Operating expenses: ₹169,109
  • Employees cost: ₹51,613
  • Other operating expenses: ₹117,496
  • Operating profit before provisions: ₹92,279
  • Provisions and contingencies: ₹59,928
  • Profit before tax: ₹32,351
  • Tax expense: ₹6,981
  • Net profit: ₹25,370 (₹253.70 crore)

Balance Sheet and Ratios:

  • Paid-up equity share capital: ₹154,856 lakh (post preferential allotment)
  • Capital adequacy ratio (Basel III): 33.28% (vs 15.42% in Q1 FY26)
  • EPS (basic): ₹3.38
  • EPS (diluted): ₹3.33
  • Gross NPA: ₹152,159 lakh (1.30%)
  • Net NPA: ₹42,610 lakh (0.37%)
  • Return on assets: 0.57% (annualized)
  • Net worth: ₹4,207,897 lakh
  • Debt-equity ratio: 0.23

Key Financial Figures - Consolidated (₹ in lakh)

  • Total income: ₹476,228
  • Net profit before minority interest: ₹24,442
  • Paid-up equity share capital: ₹154,856
  • EPS (basic): ₹3.12
  • EPS (diluted): ₹3.08

AGM Agenda Items Approved

The Board approved the following items for inclusion in the 83rd AGM notice:

Director Appointments:

  • A. Appointment of Mr. Suryanarayan Subramanian (DIN: 11746038) as Non-Executive Independent Director
  • B. Appointment of five Non-Executive Non-Independent Directors as nominees of Emirates NBD Bank:
  • Mr. Shayne Keith Nelson (DIN: 02191937)
  • Mr. Patrick John Sullivan (DIN: 11710803)
  • Mr. Neeraj Makin (DIN: 11699792)
  • Mr. Manoj Chawla (DIN: 11716190)
  • Mr. Marwan Mahmood Mohammad Hadi (DIN: 11711479)

Financial Approvals:

  • C. Increase in borrowing limits to ₹40,000 crore (excluding deposits and temporary loans from bankers)
  • D. Authorization to raise up to ₹10,000 crore through debt securities in domestic/overseas markets on private placement basis, valid for one year from AGM date

Fundraising Context:

The previous shareholder approval for ₹3,000 crore fundraising was granted at the 82nd AGM on September 26, 2025, valid until September 25, 2026. No funds were raised under this authority. The new proposal seeks fresh approval for a larger amount.

Emirates NBD Investment Details

Pursuant to Board approval on October 18, 2025, and RBI approval on April 1, 2026:

  • Emirates NBD invested ₹26,015.77 crore through preferential allotment of 929,134,820 equity shares at ₹280 per share on June 18, 2026
  • Emirates NBD completed a mandatory open offer to public shareholders
  • Post-transaction, Emirates NBD holds 60% of expanded paid-up equity share capital and is classified as promoter
  • RBL Bank has become a subsidiary of Emirates NBD

Scheme of Amalgamation

The Board approved on October 18, 2025, a Scheme of Amalgamation of Emirates NBD Bank (P.J.S.C.) - India Branch with RBL Bank under Section 44A of Banking Regulation Act, 1949, with appointed date of April 1, 2026. The scheme was approved by shareholders at EGM on November 12, 2025, and is subject to RBI approval.

Regulatory Compliance Matters

  • The Bank included Q1 FY27 profits for CRAR computation per RBI Direction dated May 8, 2026
  • Transferred ₹320 crore from Investment Fluctuation Reserve to General Reserve during Q1 FY27 per RBI Direction dated May 18, 2026
  • Allotted 1,311,809 shares during the quarter pursuant to ESOP exercise

Asset Quality and Transfers

  • Transferred 130,437 technically written off credit card accounts with aggregate outstanding of ₹712.27 crore to an ARC for ₹23.15 crore (cash basis)
  • Excess provision of ₹23.15 crore reversed to P&L on account of this sale
  • No stressed loans acquired during the quarter

Segment Performance (Standalone)

  • Corporate/Wholesale Banking: Revenue ₹217,526 lakh, Profit ₹21,855 lakh
  • Retail Banking: Revenue ₹419,979 lakh, Loss ₹(5,566) lakh
  • Treasury: Revenue ₹270,890 lakh, Profit ₹9,186 lakh
  • Other Banking Operations: Revenue ₹5,489 lakh, Profit ₹5,489 lakh

Audit Review

The unaudited financial results were subjected to limited review by joint statutory auditors KKC & Associates LLP and Singhi and Co., who issued unmodified conclusions. The review reports are dated July 17, 2026.