RBL Bank To Operate As Foreign Subsidiary, Emirates NBD Anchors Ownership

RBL Bank announced that the RBI’s nod, dated April 1, 2026, marks a significant milestone in its strategic partnership with Emirates NBD. The approval is valid for one year and subject to further clearances from the Government of India and SEBI regulations.  

Key Highlights  

• Emirates NBD receives RBI approval to acquire up to 74% in RBL Bank  
• Minimum 51% stake to be maintained by Emirates NBD  
• RBL Bank to operate as foreign bank subsidiary  
• Voting rights capped at 26% despite majority ownership  
• Approval valid for one year, subject to further government clearances  

Sources: RBL Bank stock exchange disclosure