Emirates NBD will acquire a controlling stake in RBL Bank via $3B infusion, open offer, and India-branch amalgamation.

• ENBD’s preferential issue may raise total holding in RBL Bank to 74%, subject to approvals and regulatory shareholding limits.
• RBL Bank Q2 FY26 net profit fell 20% YoY to Rs 179 crore; gross NPA stood at 2.32%, net NPA 0.57%.
• Post-deal, ENBD gains pan-India presence; RBL benefits from ENBD’s credit rating and global banking relationships across 13 countries.