New Delhi, July 17 -- RBL Bank has raised about $150 million through Foreign Currency Non-Resident (FCNR) deposits in about a month as the newly ENBD-owned lender taps West Asia's non-resident Indian pool, the management said on its June quarter (Q1FY27) earnings call.

Managing director and chief executive officer R. Subramaniakumar declined to commit to a fundraising target, saying the bank would "mobilise as much as possible" before the scheme's 30 September deadline. The bank is working on two fronts, through a partner bank and its own base of NRI relationships.

The fundraising comes after Emirates NBD completed its acquisition of a majority stake in RBL Bank on 18 June through a capital infusion of about $2.75 billion, the largest f...