The deal is the latest in a series of cross-border deals in India this year as India seeks to attract foreign investment and strengthen the country's midsize banks
The proposed investment will be made through a preferential issue and is subject to regulatory approvals and customary closing conditions
The deal is the largest by a Middle Eastern bank in India, and comes months after Japan's Sumitomo Mitsui Banking Corporation's move to buy up to 25% of Yes Bank
Board may approve equity shares, linked instruments via preferential issue or private placement
RBL Bank said the Bank is on a growth trajectory and routinely explores opportunities which are aimed at enhancing shareholder value
Reports suggested that Emirates NBD is in advanced negotiations with RBL Bank to finalise a ₹15,000-crore investment, emerge as the single-largest, controlling shareholder in the Indian private lender
While India allows 74% foreign investment in private banks, the shareholding of a single foreign institution is limited to 15% by the RBI unless the regulator gives exceptional approval
The development appears positive for RBL Bank, as the entry of a large, well-capitalised global promoter like Emirates NBD could strengthen governance standards and boost investor confidence,
Emirates NBD is expected to buy around 26 per cent stake from institutional investors and then make an open offer for an additional 25 per cent, Mint reported
The average trading volumes at the RBL Bank counter more-than-doubled with a combined 34.6 million shares representing 5.7% of total equity changing hands on the NSE and BSE till 10:37 AM.
RBL Bank share price was trading 1.65 per cent lower at ₹258.8 per share on the BSE after the bank reported its Q1 numbers
Here's a technical outlook on HDFC Bank, ICICI Bank, YES Bank, RBL Bank, Union Bank of India post Q1 results.
Private sector lender RBL Bank on Saturday posted a 46 per cent drop in its June 2025 quarter net profit to Rs 200 crore as it faced challenges on the core income front. The lender had posted a net profit of Rs 372 crore in the year-ago period, while the same figure had stood at Rs 69 crore in the preceding March quarter. Its core net interest income degrew 13 per cent to Rs 1,481 crore, impacted by an over 1.15 per cent drop in the net interest margin to 4.5 per cent against 5.67 per cent a year ago despite a 9 per cent loan growth. The other income grew 33 per cent to Rs 1,069 crore, which helped the bottom line. Its managing director and chief executive R Subramaniakumar said it has continued with the decline in the high-margin but high-risk unsecured portfolio, reducing the portfolio by as much as 10 per cent during the quarter and added that it is growing in areas like secured retail at 23 per cent. The CEO said the bank is maintaining its credit growth guidance of 14-15 per
In past one month, RBL Bank has outperformed the market by surging 24 per cent, as compared to less than 1 per cent rise in the BSE Sensex.
RBL Bank share price gained in trade today after foreign brokerage Citi reportedly placed the stock on a 90-day positive catalyst watch, citing expectations of a sharper improvement in RoAs.
RBL Bank is aiming to widen its net interest margins (NIM) from retail assets by shifting the portfolio mix towards higher-yielding assets, a senior official has said. As part of the same strategy, the private sector lender will launch a commercial vehicle (CV) financing and used 4-wheeler finance in the next three months. The increase in NIMs, which is being targeted at a time when the entire industry is facing challenges on this front, will be achieved while maintaining the retail share in the overall loan mix at around 31 per cent level, Kumar Ashish, its head of retail assets and collections, told PTI. Ashish, however, did not share the current NIMs of the retail business nor did he share an aspirational number. It had reported a sharp decline in the overall NIMs to 4.89 per cent as against 5.45 per cent, and the narrowing was one of the reasons along with setbacks in the MFI business for the 76 per cent drop in the Q4 net profit at Rs 86 crore. He said at the bank level, it is
Capri Global, Five-Star Business, IIFL Finance, Bandhan Bank, Fedbank Financial, ESAF SFB and RBL Bank from the BSE Financial Services index have rallied between 5% and 14% in intra-day trade today.
RBL Bank stock rose as much as 6.54 per cent during the day to ₹200.4 per share, the biggest intraday gain since December 4, 2024
Margin pressure, micro-finance loan write-offs dent bottom line
Q4 FY25 company results today: Reliance Industries, Tata Tech, RBL Bank, Motilal Oswal Financial, and Poonawalla Fincorp will be among 37 firms to post earnings reports for the January-March quarter