Shares of RBL Bank Ltd is in the spotlight on Tuesday following reports that Emirates NBD Bank, the UAE’s second-largest lender, is in advanced talks to invest around ₹15,000 crore ($1.7 billion) in the Indian private lender. The deal aims to make Emirates NBD the single largest shareholder with a 51% controlling stake in RBL Bank.

Key Highlights

• Emirates NBD poised to infuse ₹15,000 cr via preferential allotment, aiming 51 % controlling stake in RBL.
• Deal contingent on RBI’s approval; warrants issuance and open offer to consolidate majority ownership.

According to reports, the proposed investment would be executed through a preferential allotment of shares and warrants, followed by an open offer for an additional 26% stake. The entire transaction would serve as a primary capital infusion, strengthening RBL Bank’s balance sheet.

The Reserve Bank of India (RBI) has reportedly given in-principle approval for the change in control. If finalized, this acquisition will mark a major expansion for Emirates NBD in Asia and enhance its position in the India–Middle East remittance corridor.

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RBL Bank, currently fully publicly owned, is scheduled to hold a board meeting on October 18 to approve its quarterly results, where the deal might be officially announced.

The transaction is being advised by EY and JPMorgan and, if completed, could become one of the largest M&A deals in India’s banking sector, reflecting the growing foreign interest in private and shadow banking in the country.