RBL Bank Share Price Falls Over 3%; Finance Ministry Clears Emirates NBD Acquisition Deal

RBL Bank announced the Government of India has approved Emirates NBD Bank PJSC acquiring a stake of up to 74% in the lender.  

RBL Bank disclosed in an exchange filing that Emirates NBD received the communication on May 14 in relation to the amended investment agreement signed in October 2025. 

The approval was granted by the Department of Financial Services under the Ministry of Finance.  

Structure of the Transaction 

The proposed deal involves Emirates NBD subscribing to fresh equity shares of RBL Bank through a preferential allotment at ₹280 per share.  

The issue may include up to 95.91 crore fully paid-up equity shares, or a lower number equivalent to 60% of the post-issue equity capital, subject to adjustments under the agreement. 

The approval also covers the proposed amalgamation of Emirates NBD’s India operations with RBL Bank. Following completion of the transaction, Emirates NBD is expected to obtain management control of the private sector lender. 

Under Indian banking regulations, RBL Bank would subsequently be classified as a wholly-owned foreign bank subsidiary. 

Regulatory Clearances Received 

The transaction has already received approvals from multiple regulators over the past few months. These include clearance from the Reserve Bank of India in April, the Securities and Exchange Board of India in late April, the UAE banking regulator in March, and the Competition Commission of India in January. 

The deal remains subject to customary conditions precedent and is expected to close in the first quarter of FY27. 

Quarterly Earnings 

The development comes after RBL Bank reported higher earnings for the March quarter. Net profit rose to ₹230 crore from ₹68.7 crore a year earlier. 

Net interest income increased 6.9% year-on-year to ₹1,670.7 crore, while operating profit stood at ₹955 crore, up 11%. Gross non-performing assets declined to 1.45% from 1.88% in the previous quarter, while net NPA fell to 0.39%. 

The bank also reported a sequential decline in the share of unsecured loans in its overall portfolio. 

Read More: Wipro Share Price in Focus; Completes the 100% Acquisition of Mindsprint Pte! 

RBL Bank Share Price Performance  

As of May 18, 2026, 10:27 am, RBL Bank share price was trading at ₹326.00, a 3.58% decrease from the previous closing price. 

Conclusion  

The proposed transaction is to close in the first quarter of FY27 after completion of remaining conditions. The deal has already secured approvals from multiple Indian and overseas regulators. 

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