Emirates NBD to buy majority stake in India’s RBL Bank – report

Emirates NBD Bank is reportedly close to finalising a deal to acquire a major share of RBL Bank, an Indian-based private sector bank. Sources suggest that the transaction could see Emirates NBD taking over up to a 60% stake in RBL Bank, with an estimated value of approximately $3bn, as per information disclosed by the NDTV Profit. Details of the proposed acquisition indicate that Emirates NBD would conduct the transaction through its Indian subsidiary, which is expected to be integrated with RBL Bank pos ...