Mumbai, June 18 -- Emirates NBD and RBL Bank on Thursday announced the successful completion of Emirates NBD's acquisition of a majority stake in the Indian private sector lender through a primary capital infusion of about USD 2.75 billion (around Rs 26,000 crore).

The transaction, first announced in October 2025, was completed after receiving all regulatory approvals and fulfilling closing conditions, the companies said in a joint statement.

Following the preferential allotment of shares and completion of the mandatory open offer, Emirates NBD now holds 60 per cent of the expanded share capital of RBL Bank.

The deal is the largest foreign direct investment in the Indian banking sector, the largest equity fund raise by an Indian bank, ...