Emirates NBD to acquire a $3 billion majority share in India’s RBL Bank
Emirates NBD to Acquire Majority Stake in RBL Bank Emirates NBD is set to invest $3.05 billion to gain a controlling interest in RBL Bank, marking a significant step as it stands to be the biggest foreign direct investment in India’s financial sector. On Saturday, Emirates NBD announced that it will secure a 60% stake […]
Indian regulator is receptive to Emirates NBD buying a share in RBL Bank, sources report.
Mumbai Updates on Foreign Investment in Banking MUMBAI, Oct 14 – India’s central bank is considering the possibility of allowing Dubai’s Emirates NBD (ENBD.DU) to take up management rights for RBL Bank (RATB.NS). This move is part of a broader strategy aimed at attracting foreign investment while bolstering the country’s mid-sized banks, as informed sources […]