Emirates NBD, one of the largest banking groups in the Middle East, has secured all necessary regulatory approvals for its proposed acquisition of a majority stake in RBL Bank, valued at approximately $3 billion (₹26,850 crore). This acquisition, first announced in October 2025, represents the largest equity fund raise in the Indian banking sector and marks the first instance of a foreign bank acquiring a majority stake in a profitable Indian bank. Emirates NBD plans to subscribe to up to 959 million equity shares at ₹280 per share, which will give it nearly 60% of RBL Bank’s post-issue paid-up share capital. The bank's eventual holding may range from 51% to 74%, depending on compliance with foreign ownership norms. The transaction also includes the integration of Emirates NBD’s India branch operations into RBL Bank, allowing it to operate as a foreign bank subsidiary under the Reserve Bank of India’s framework. This acquisition not only enhances Emirates NBD's presence in India but also signifies the strengthening economic relationship between India and the UAE, emphasizing India's attractiveness for long-term foreign capital.