Emirates NBD Acquires Majority Stake in RBL Bank: A Strategic Move Shaping India’s Banking Landscape

Dubai’s Emirates NBD is taking a major step in the Indian banking sector by acquiring a 60% stake in RBL Bank for $3.05 billion. This deal signifies growing confidence in India’s financial market and further strengthens ties between UAE and India. The acquisition, through a preferential issue of shares, positions Emirates NBD as RBL’s majority shareholder. Shayne Nelson, CEO of Emirates NBD, highlights the strategic potential for synergy and expansion with RBL Bank’s domestic presence and his bank’s regional expertise.