RBI has granted approval for UAE's second-largest bank, Emirates NBD, to become the promoter of RBL Bank by acquiring up to 74% stake for ₹26,853 crore. This transforms RBL Bank into a foreign lender under the Banking Regulation Act, 1949, marking a significant foreign investment in India's banking sector.
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- ›Approval Date: April 1, 2026
- ›Approval Validity: 1 year
- ›Target this Data: 74% stake, ₹26,853 crore, April 1, 2026 approval date.
- ›Target this Nodal Body: Reserve Bank of India (RBI) as the primary regulator.
- ›Target this Legal Point: Section 12(2) of the Banking Regulation Act, 1949 caps voting rights at 26%.
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