Dubai's Emirates NBD gets India's central bank nod to become majority owner of RBL Bank
02/04/2026 15:52
April 2 (Reuters) - India's central bank has approved Emirates NBD Bank'sproposal to acquire a majority stake in RBL Bank , the Mumbai-based lender said on Thursday, in a crucial regulatory clearance for one of the largest cross-border deals in India's financial sector. In October last year, Emirates NBD announced plans to buy a 60% stake in the Indian lender for $3 billion. (Reporting by Ashwin Manikandan and Nishit Navin; Editing by Tasim Zahid) ((Ashwin.Manikandan@thomsonreuters.com;))
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