Emirates NBD has officially finalized its acquisition of a majority stake in India’s RBL Bank, following a significant primary capital infusion of approximately $2.75 billion. First unveiled in October 2025 and subsequently approved by Indian authorities this past May, the deal grants the Dubai-based lender a 60 percent share of RBL Bank’s expanded capital. This transaction stands as a historic milestone, marking the largest foreign direct investment in India’s banking industry to date and serving as the first instance of a foreign bank securing a controlling interest in a profitable Indian financial institution.

The partnership is designed to leverage Emirates NBD’s extensive regional expertise alongside RBL Bank’s deep-rooted presence within the Indian market. By bolstering the bank’s capital adequacy and balance sheet, this investment provides a solid foundation for its long-term expansion goals. Sheikh Ahmed bin Saeed Al Maktoum, Chairman of Emirates NBD, noted that the move reflects the enduring economic synergy between the UAE and India. Echoing this sentiment, Vice Chairman Hesham Abdulla Al Qassim highlighted that the investment serves as a cornerstone of the bank's global strategy, underscoring a long-term dedication to strengthening the financial corridor between the two nations.