RBL Bank shares in focus ahead of Saturday's board meet; Stock out of F&O ban

Shares of Mumbai-based private lender RBL Bank Ltd. will be in focus on Thursday, October 16, ahead of its board meeting, scheduled for Saturday.

RBL Bank's board will meet on Saturday to consider, and if thought fit, approve a fund raise via a preferential issue or a private placement or other methods, the lender said in an exchange filing on Wednesday evening.

Incidentally, Saturday is also the day when the board will meet to consider its quarterly results for the July-September period.

CNBC-TV18 reported on Wednesday that Middle East lender Emirates NBD

is looking to acquire up to 60% stake in RBL Bank, including the mandatory open offer, citing sources in the know.

RBL Bank’s foreign shareholding currently stands at about 22.6%, including 17.6% held by FPIs, 3.5% by Foreign Corporates and another 1.5% by NRIs, the company’s latest disclosures showed. More on this story here.

Shares of RBL Bank are nearing their highest level in over five years, having closed 2.9% higher on Wednesday at ₹299.85. Crossing levels of ₹307.1 would mean that the stock has hit the highest level since February 2020.

Additionally, the stock is also out of the F&O ban in today's session, which means new positions can be created in the stock. The stock is already the best performing banking stock of 2025, having gained 90% so far this year.

(The Emirates NBD deal newsbreak by CNBC-TV18's Ritu Singh.)