Emirates NBD buys 60% of RBL Bank in $2.75B deal
Business
Emirates NBD just wrapped up a massive $2.75 billion deal, grabbing a 60% stake in RBL Bank.
This is not only the biggest foreign investment India's banking sector has seen, but also sets a new benchmark for global players entering the Indian market.
Emirates NBD supports RBL Bank expansion
It's the first time a foreign bank has taken majority control of a profitable Indian bank. Pretty historic stuff.
Emirates NBD plans to use its expertise to help RBL grow and connect India with the wider region.
Both banks are calling this partnership a big step toward stronger growth and more opportunities on both sides.