RBL Bank on Friday said it has received all regulatory and governmental approvals for the proposed strategic investment by Dubai-based lender Emirates NBD, clearing a key hurdle for one of the largest foreign investments in India’s banking sector.
The proposed transaction, first announced in October 2025, involves a primary capital infusion of approximately $3 billion (around ₹26,850 crore) and is expected to significantly strengthen RBL Bank’s capital base and growth prospects.
Under the investment agreement, Emirates NBD will subscribe to up to 959 million equity shares of RBL Bank at a price of ₹280 per share through a preferential allotment, translating into about 60% of the bank’s post-issue paid-up share capital. The final shareholding of Emirates NBD is expected to be in the range of 51% to 74%, subject to foreign ownership norms and completion of the mandatory open offer process.
The transaction is also expected to pave the way for the amalgamation of Emirates NBD’s India branch operations in Mumbai, Chennai and Gurugram into RBL Bank, subject to additional regulatory approvals.
Upon completion, Emirates NBD will be recognised as the promoter, with RBL Bank operating as a foreign bank subsidiary in line with the regulatory framework of the Reserve Bank of India.
Commenting on the development, RBL Bank chairman Chandan Sinha said the approvals reinforce confidence in the bank’s franchise and position it to expand cross-border capabilities and scale key business segments.
Managing director and CEO R Subramaniakumar termed the investment a “transformational step” that would help accelerate growth and deepen the bank’s presence across priority segments.
