Press release

Emirates NBD successfully completed the acquisition of a 60% majority stake in India-based RBL Bank for approximately USD 2.75 billion (INR 260 billion).
The transaction was finalized through a primary capital infusion via a preferential issue of shares and a mandatory open offer to public shareholders.
This marks the first acquisition of a majority interest in a profitable Indian bank by a foreign bank and represents the largest foreign direct investment in India's banking sector.
All requisite regulatory approvals from authorities in India and the UAE have been received, concluding the transaction originally announced on October 18, 2025.