Emirates NBD to acquire a majority stake in RBL Bank for $3bn.

Emirates NBD, Dubai's government-owned bank, agreed to acquire a majority stake in RBL Bank, a private sector bank, for $3bn. "This partnership marks a defining moment in RBL Bank's journey of transformation. The entry of Emirates NBD as our strategic shareholder reflects the global confidence in India's banking sector and RBL Bank’s potential within it. Together, we are poised to strengthen our capabilities, deepen our customer franchise, and build a future-ready institution anchored in trust, governance, and growth," Chandan Sinha, RBL Bank Chairman.