Emirates NBD gets RBI nod for RBL Bank stake acquisition

Emirates NBD has secured key regulatory approvals for its proposed acquisition of a majority stake in RBL Bank, bringing the transaction closer to completion.

“We are pleased to confirm that we have received key regulatory approvals from the Reserve Bank of India and the Central Bank of the UAE for the RBL transaction, in addition to the earlier approval from the Competition Commission of India. We continue to engage with the relevant authorities on the remaining approvals, which are progressing through the normal process. We look forward to receiving them in due course and completing the transaction,” an Emirates NBD official spokesperson said.

The deal, which has already received clearance from the Competition Commission of India, will see Emirates NBD acquire a majority stake of around 60% in RBL Bank through a preferential issue of shares.

The transaction will also trigger a mandatory open offer for up to 26% from public shareholders, in line with takeover norms, while ensuring foreign ownership remains within the 74% cap.

RBL Bank had earlier said that the Central Bank of the UAE granted approval through a letter dated March 24, 2026. The approval also covers the proposed amalgamation of Emirates NBD’s India operations into RBL Bank, subject to final clearances.

Emirates NBD currently operates in India through three branches, while RBL Bank has an IFSC Banking Unit in GIFT City.

Shares of RBL Bank ended marginally lower by 0.22% at ₹301 on the NSE on Thursday

Also Read: Here's how the five banking stocks reacted to their Q4 business updates