Major deal in RBL Bank – This company will become the new promoter by acquiring a 60% stake for ₹26,853 crore.

RBL Bank has announced a major deal with Emirates NBD. Under this agreement, Dubai-based bank Emirates NBD will acquire a 60% stake in RBL Bank. Emirates NBD will invest up to ₹26,853 crore. RBL Bank will issue shares to Emirates NBD at a price of ₹280 per share. After the preferential issue process is completed, Emirates NBD will become the promoter of RBL Bank and gain controlling rights over the bank.

This scheme will be effective from April 1, 2026. Prior to this, the bank will hold an Extraordinary General Meeting (EGM) on November 12 to seek shareholder approval. This transaction is considered to be one of the largest foreign investments ever in India’s banking sector. However, the deal is still subject to approval from the Reserve Bank of India (RBI), shareholders, and other regulatory bodies.

Authorized share capital increased by ₹1,000 crore

RBL Bank’s board has approved an increase in its authorized share capital from ₹1,000 crore to ₹1,800 crore to facilitate the issuance of new shares to Emirates NBD. The deal will remain subject to the maximum foreign ownership limit of 24% until regulatory approvals are completed.