UAE's second-largest bank Emirates NBD has secured Indian government's approval to acquire up to 74% stake in RBL Bank. Announced in 2025, Emirates NBD's investment of approximately ₹268.5 billion in RBL represents the largest equity fundraise in the Indian banking sector. Emirates NBD will subscribe to up to 959,045,636 fully paid equity shares of RBL Bank at ₹280 per share.