RBI grants approval to Emirates NBD Bank to acquire up to 74pc stake in RBL Bank

NEW DELHI: (Apr 3) The Reserve Bank of India (RBI) has accorded approval to Dubai-based Emirates NBD Bank to acquire up to a 74 per cent stake in RBL Bank, paving the way for the bank to become a foreign lender.

The approval from RBI came on April 1 with one year validity, RBL Bank said in a regulatory filing on Thursday.

The approval follows Emirates NBD Bank, the second largest in UAE, expressing its interest in October 2025 to acquire a majority 60 per cent stake in RBL Bank for Rs 26,853 crore.

Source: PTI News

Digitalmitra