Emirates NBD to buy 60% of RBL Bank, reshaping India’s banking scene. RBL, founded in 1943, is a key private sector player based in Mumbai.
Emirates NBD plans to invest $3 billion to acquire a controlling 60% stake in RBL Bank, marking the largest foreign investment in India's banking sector. The deal aims to strengthen RBL's capital and expand its presence, pending regulatory approval. This move signals increased foreign interest in Indian private banking.