Emirates NBD

Timeline

1. 1 Apr2026
   Economy

   RBI approves Emirates NBD's stake of up to 74 percent in RBL Bank¹²³

   RBI approved Emirates NBD acquiring up to 74 percent of RBL Bank. The approval is dated 1 April 2026 and was disclosed by RBL Bank on 2 April; the draft's May date was wrong.

   • RBI approval dated 1 April 2026, valid for one year, disclosed by RBL Bank in a filing
   • Emirates NBD may acquire up to 74 percent but must hold at least 51 percent; voting rights capped at 26 percent
   • Emirates NBD's original proposal was a 60 percent stake worth about Rs 26,853 crore
   • RBL Bank said the deal was completed with a 60 percent stake on 18 June 2026 (later report)
2. 18 Oct2025
   Economy

   Emirates NBD to acquire 60 percent of RBL Bank⁴⁵⁶

   Emirates NBD agreed on 17-18 October 2025 to invest about Rs 26,850 crore for up to a 60 percent controlling stake in RBL Bank, reported as the largest foreign investment in India's banking sector. A mandatory open offer for up to 26 percent at Rs 280 per share opened on 12 December 2025.

   • Deal announced 17-18 October 2025; stake up to 60 percent via preferential issue
   • Value about Rs 26,850 crore (about USD 3 billion); RBL filing says Rs 26,853 crore
   • Mandatory open offer for up to 26 percent at Rs 280 per share, opening 12 December 2025
   • Described by outlets as the largest foreign direct investment in Indian banking

Exercise.Quizzes on Emirates NBD and every other topic arrive on Telegram six times a day, and what you get wrong comes back.

Practise on Telegram

Sources

1. Outlook Business
2. DealStreetAsia
3. Retail Banker International
4. Business Standard
5. Outlook Business
6. Gulf News