{"id":90679,"date":"2026-06-19T00:00:00","date_gmt":"2026-06-19T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/mena-india\/?p=90679"},"modified":"2026-06-19T09:48:56","modified_gmt":"2026-06-19T09:48:56","slug":"emirates-nbd-takes-control-of-rbl-bank-after-securing-60-stake","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/mena-india\/2026\/06\/19\/emirates-nbd-takes-control-of-rbl-bank-after-securing-60-stake\/","title":{"rendered":"Emirates NBD takes control of RBL Bank after securing 60% stake"},"content":{"rendered":"

Emirates NBD is now the majority owner of India’s RBL Bank, after getting a historic transaction over the line.<\/strong> The Dubai lender acquired a 60% stake in the Mumbai-based private-sector bank for USD 2.8 bn, closing the largest foreign direct investment ever made in India’s banking sector, it confirmed in a press release (pdf)<\/a>.<\/p>\n

The acquisition marks the first time a foreign bank has acquired a majority stake in a profitable Indian lender<\/strong> — a barrier that held for decades, and that the Reserve Bank of India and India’s capital markets regulator SEBI both had to sign off on. Emirates NBD acquired its stake through a preferential share issue. Public shareholders, offered the chance to exit under India’s mandatory open offer rules, didn’t tender their shares (pdf)<\/a>, leaving Emirates NBD with just 60%, rather than the 74% it could’ve potentially bought.<\/p>\n

Why it matters:<\/strong> The lender said the partnership will strengthen cross-border trade, investment and financial flows between India, the UAE and other regional markets. It institutionalizes the UAE-India capital corridor at the banking level — giving Dubai’s largest lender by assets a direct presence through more than 600 branches in a market of more than 1.4 bn people.<\/p>\n

What’s next:<\/strong> Emirates NBD is consolidating its existing Indian branches into RBL Bank, and positioning itself on the board of RBL Bank, with a reshuffling that saw two resignations of existing board members at the Indian bank, and five new members from Emirates NBD: Group CEO Shayne Nelson, Group CFO Patrick Sullivan, Group Head of Strategy, Analytics, and Venture Capital Neeraj Makin, Group Chief Risk Officer Manoj Chawla, and Group Head of Retail Banking & Wealth Management Marwan Hadi.<\/p>\n","protected":false},"excerpt":{"rendered":"

The acquisition is the largest foreign direct investment ever made in India\u2019s banking sector<\/p>\n","protected":false},"author":0,"featured_media":90680,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2723],"tags":[2493,2626,2722],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-90679","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-big-story-today","tag-emirates-nbd","tag-ma","tag-the-big-story-today","wpautop","entry"],"acf":{"full_issue_title":"Emirates NBD takes control of RBL Bank after securing 60% stake","teaser":"The acquisition is the largest foreign direct investment ever made in India\u2019s banking sector","mongo_id":"586abf5f39b3b75ae066c69c","order":"2","related_issue":[90674],"story_type":"1"},"yoast_head":"\nEmirates NBD takes control of RBL Bank after securing 60% stake - 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