Emirates NBD Acquires RBL Bank for Rs 26,850 Cr

In a landmark move for the Indian banking sector, Dubai-based Emirates NBD Bank has announced its intention to acquire a controlling stake in RBL Bank for approximately Rs 26,850 crore (around $3 billion). This significant investment is set to be executed through a preferential issue, which is subject to regulatory approvals and customary closing conditions.

Part of this acquisition includes a mandatory open offer for up to 26% stake from the public shareholders of RBL Bank, in compliance with the Securities and Exchange Board of India (SEBI) Takeover Regulations. The deal also involves the amalgamation of Emirates NBD’s India branches with RBL Bank as per the guidelines of the Reserve Bank of India (RBI).

The move underscores Emirates NBD's confidence in India's rapidly growing financial landscape and reaffirms the strategic importance of India within the India-Middle East-Europe Economic Corridor. RBL Bank's management emphasized that this partnership marks a significant chapter in the economic collaboration between India and the UAE.

The infusion of capital will strengthen RBL Bank’s balance sheet, enhance its Tier-1 capital ratio, and provide long-term growth capital. This will enable RBL Bank to expand its deposit franchise and branch network, ensuring it remains competitive in the evolving banking landscape.

Shayne Nelson, Group CEO of Emirates NBD, stated that the investment demonstrates confidence in India’s vibrant economy. The collaboration will merge RBL Bank’s domestic presence with Emirates NBD’s regional expertise, creating a unique platform for growth and innovation.

Historically, RBL Bank, known as Ratnakar Bank until its rebranding in 2014, started as a small regional lender in Kolhapur, Maharashtra, serving primarily traders and small businesses. Today, it stands as a robust full-service private sector bank with a nationwide reach.

The entry of Emirates NBD as a strategic shareholder reflects global confidence in India's banking sector and RBL Bank’s potential. The partnership aims to strengthen capabilities, deepen customer relationships, and build a future-ready institution anchored in trust and governance, according to RBL Bank Chairman Chandan Sinha.