NewsOrders & DealsEmirates NBD Bank Receives CCI Approval to Acquire Majority Stake in RBL BankEmirates NBD Bank Receives CCI Approval to Acquire Majority Stake in RBL Bank
Competition Commission of India approves Emirates NBD Bank's acquisition of majority stake in RBL Bank through ₹26,850 crore primary infusion. The deal involves preferential issue of up to 60% shareholding with mandatory open offer for 26% public stake. RBL Bank reported strong December quarter performance with 555% profit surge to ₹214 crore and 5% growth in core net interest income.
*this image is generated using AI for illustrative purposes only.
The Competition Commission of India (CCI) has approved Emirates NBD Bank's strategic acquisition of a majority stake in RBL Bank, marking a significant development in the Indian banking sector. The Dubai-based banking group announced this transaction in October 2025, with the deal valued at approximately USD 3 billion, equivalent to ₹26,850 crore.
Transaction Structure and Regulatory Framework
The investment will be executed through a preferential issue mechanism, allowing Emirates NBD to acquire up to 60% shareholding in RBL Bank. This acquisition remains subject to various regulatory approvals and other customary conditions typically associated with such large-scale banking transactions.
| Transaction Details: | Specifications |
|---|---|
| Deal Value: | USD 3 billion (₹26,850 crore) |
| Acquisition Method: | Preferential issue |
| Maximum Stake: | Up to 60% |
| Mandatory Open Offer: | Up to 26% from public shareholders |
| Regulatory Compliance: | SEBI takeover regulations |
As part of the transaction structure, Emirates NBD will make a mandatory open offer to purchase up to 26% stake from RBL Bank's public shareholders, adhering to the Securities and Exchange Board of India's takeover regulations.
Company Profiles and Operations
Emirates NBD operates as a prominent banking group with extensive operations across multiple countries, including India. The bank's expansion into the Indian market through this acquisition demonstrates its commitment to strengthening its regional presence.
RBL Bank offers comprehensive banking, financial, and insurance services to its customer base. The bank also operates an IFSC Banking Unit in GIFT City, functioning as an overseas branch, which adds to its operational capabilities in international banking services.
Recent Financial Performance
RBL Bank demonstrated strong financial performance in its recent quarterly results. The bank reported remarkable growth in net profit for the December quarter, with earnings reaching ₹214 crore compared to ₹33 crore in the same period of the previous year.
| Financial Metrics: | December Quarter Performance |
|---|---|
| Net Profit: | ₹214 crore (555% increase YoY) |
| Previous Year Profit: | ₹33 crore |
| Core Net Interest Income: | ₹1,657 crore (5% growth) |
| Net Interest Margin: | 4.63% |
| Advances Growth: | 14% increase |
This significant 555% surge in net profit was primarily supported by a substantial reduction in provisions, while the bank's core net interest income grew by 5% to ₹1,657 crore. The growth was driven by a 14% increase in advances and a slight improvement in net interest margin to 4.63%.
Additional CCI Approval
In a separate development, the CCI also approved Apollo Hospitals Enterprise's acquisition of an additional 30.58% equity stake in Apollo Health and Lifestyle. This transaction will increase Apollo Hospitals Enterprise's shareholding from 68.84% to 99.42% in Apollo Health and Lifestyle, which provides primary and secondary healthcare services, diagnostic services, and telemedical consultations nationwide.
The CCI's role in approving deals exceeding specific thresholds ensures fair competition and prevents unfair business practices, maintaining market fairness through careful scrutiny of such significant transactions.
18
