RBL Bank shareholders approved a special resolution to raise up to ₹10,000 crore through private placement of debt securities at its 83rd Annual General Meeting held on September 2, 2026. The bank also declared a final dividend of ₹1 per equity share for FY26.

The meeting, chaired by Non-Executive Independent Director Chandan Sinha, was conducted via video conferencing with 141 members in attendance. Shareholders also approved an increase in borrowing powers and the appointment of several new directors, including nominees from Emirates NBD Bank (P.J.S.C).

Key Resolutions Passed

The following ordinary and special resolutions were approved by the members:

• Adopt audited standalone and consolidated financial statements for the year ended March 31, 2026.
• Declare a final dividend of ₹1 per equity share of face value ₹10 each.
• Reappoint Jaideep Iyer as Executive Director.
• Appoint Surya Subramanian as Non-Executive Independent Director.
• Approve borrowing up to ₹10,000 crore via debt securities on a private placement basis.

Board Appointments

Shareholders approved the appointment of five directors nominated by Emirates NBD Bank (P.J.S.C) as Non-Executive Non-Independent Directors:

Surya Subramanian was appointed as a Non-Executive Independent Director. Jaideep Iyer, who retired by rotation, offered himself for reappointment and was reappointed as Executive Director.

Financial and Audit Overview

The Managing Director and CEO, R. Subramaniakumar, addressed members on the bank’s business operations and financial performance for FY25-26. The statutory auditors, M/s KKC & Associates LLP and M/s Singhi & Co, confirmed there were no adverse observations or qualifications in their report on the financial statements for the year ended March 31, 2026. The secretarial audit report by M/s S. N. Ananthasubramanian & Co also contained no adverse remarks.

RBL Bank has raised approximately $3.40 billion through the Reserve Bank of India's Foreign Currency Non-Resident (Banks) — FCNR(B) — swap facility.

Transaction details

The fundraise was executed under the RBI's FCNR(B) swap window, a mechanism that allows banks to attract foreign currency deposits from non-resident Indians and swap the proceeds with the central bank to manage domestic liquidity and foreign exchange reserves.

The FCNR(B) swap facility enables participating banks to offer competitive deposit rates to non-resident depositors while hedging the associated currency risk through the central bank's swap arrangement. RBL Bank's utilisation of this facility reflects its engagement with RBI's tools for foreign currency resource mobilisation.