RBL Bank secures approvals for Rs 26,850 crore investment by Emirates NBD

Business Desk — Fri, 15 May 2026 13:59:05 +0000

RBL Bank has achieved a significant milestone by obtaining all necessary regulatory and governmental approvals for a strategic investment by Emirates NBD. This investment, amounting to approximately USD 3 billion (~₹ 26,850 crore), is one of the largest international investments in the Indian banking sector and is expected to bolster RBL Bank‘s growth trajectory.

The transaction, initially announced on 18 October 2025, involves a primary infusion that will position RBL Bank for its next phase of growth. It highlights the strengthening economic and financial ties between India and the UAE and reflects sustained stakeholder engagement from both countries.

This strategic move is expected to unlock international opportunities for RBL Bank, facilitating expansion across high-growth segments and enhancing the bank’s ability to serve a global and diversified customer base. The investment will also reinforce long-term commitments in technology, risk management, and customer experience.

Chandan Sinha, Chairman of RBL Bank, remarked, “This is a pivotal moment for RBL Bank. The approval reinforces confidence in our franchise and positions us to unlock new growth opportunities, expanding cross-border corridors and scaling our key business segments while maintaining customer centricity and strong governance standards.”

R Subramaniakumar, MD & CEO of RBL Bank, added, “This milestone marks a transformational step forward for RBL Bank. It strengthens our ability to accelerate growth, deepen our presence across priority segments, and unlock new opportunities both domestically and globally. As we move ahead, our focus is on building a strong, agile, future-ready institution that consistently delivers value to customers, partners, and stakeholders.”

According to the Investment Agreement dated 18 October 2025, Emirates NBD will subscribe to up to 959,045,636 fully paid equity shares of RBL Bank at ₹280 per share through a preferential issue. This will represent approximately 60% of RBL Bank’s post-issue paid-up share capital. Emirates NBD’s final shareholding is expected to range between 51% and 74% of the total paid-up share capital, subject to compliance with foreign ownership limits and the conclusion of the mandatory open offer process.

The transaction also includes the potential amalgamation of Emirates NBD’s India branch operations in Mumbai, Chennai, and Gurugram into RBL Bank, pending further regulatory clearances. Upon completion, Emirates NBD will be recognised as the promoter, with RBL Bank operating as a foreign bank subsidiary under the Reserve Bank of India’s framework.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

R Subramaniakumar | Business Upturn

RBL Bank secures approvals for Rs 26,850 crore investment by Emirates NBD