Emirates NBD acquires RBL Bank majority

Emirates (airline) has successfully completed the acquisition of a 60% majority stake in RBL Bank through a primary capital infusion of approximately $2.75 billion (around \u20b926,000 crore). This transaction, initially announced in October 2025, received all necessary regulatory approvals and fulfilled closing conditions. It marks the largest foreign direct investment in the Indian banking sector and the first acquisition of a majority interest in a profitable Indian bank by a foreign bank. The investment is expected to significantly strengthen RBL Bank's balance sheet, improve its capital adequacy, and support its long-term expansion plans. Leaders from both Emirates (airline) and RBL Bank, including Noor Hisham Abdullah and R. Subramaniakumar, highlighted the strategic importance of this partnership for deepening cross-border connectivity and fostering growth in the Indian financial market.