New Delhi. The biggest ever foreign deal is going to happen in India’s banking sector. Emirates NBD, the largest bank of the United Arab Emirates (UAE), has announced to buy 60 percent stake in RBL Bank by investing about Rs 26,850 crore ($3 billion). This investment will be made at the rate of Rs 280 per share. The deal will be completed through a preferential issue, following which Emirates NBD will make a mandatory open offer for 26 per cent stake from the remaining Indian shareholders. The deal has been approved by the boards of directors of both RBL Bank and Emirates NBD. However, the final deal will depend on the approval of the Reserve Bank of India, SEBI, shareholders and other regulatory bodies. RBL Bank has called an extraordinary general meeting regarding this deal on 12 November 2025. The bank expects that the deal will become effective from April 1, 2026, after receiving all approvals. Under this agreement, the existing branches of Emirates NBD in India will be merged with RBL Bank. This will strengthen RBL’s capital base, increase its loan lending capacity and support long-term development plans.
