The Reserve Bank of India approved Emirates NBD Bank’s plan to acquire up to 74% stake in RBL Bank, subject to regulatory clearances. The deal would make RBL a foreign-owned subsidiary, marking a significant development in India’s banking sector
On July 26, 2023, the Mumbai-based diversified firm had announced the acquisition of a 3.53 per cent stake in RBL Bank as a treasury investment at a cost of Rs 417 crore
The alliance will enable customers of RBL Bank to access and seamlessly purchase customer-centric protection and long-term savings products of the company.
