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EMIRATES NBD ACQUISITION
RBL Bank Q1 Results: Net profit rises 27% YoY to Rs 254 crore; Emirates NBD ownership boosts growth outlookRBL Bank reported a 27% YoY rise in Q1 FY27 standalone net profit to Rs 254 crore, while net interest income increased 12%. The lender said...- IDBI Bank shares jump 3% as Fairfax set to make biggest foreign investment in Indian lender, buy stake worth Rs 53,000 crFairfax Holdings has been finalized for the IDBI Bank stake sale. This significant deal is expected to be worth approximately Rs 53,000 cro...
- India nears accepting sweetened Fairfax offer for IDBI BankIndia's government is nearing acceptance of Fairfax Financial's offer for IDBI Bank. Fairfax may slightly increase its per-share bid for th...
- PhonePe wallet inactive? You will now be fined for not using itPhonePe is now charging a Rs 100 quarterly fee for inactive wallets. This fee applies if users have not made any financial transactions thr...
- Emirates NBD completes acquisition of RBL BankThe investment was completed through a preferential allotment of 929.1 million fully paid-up equity shares of RBL Bank at Rs 280 per share,...
- RBL Bank taps HDFC veteran Bhavin Lakhpatwala as CFORBL Bank has appointed Bhavin Lakhpatwala as its new Chief Financial Officer. Lakhpatwala joins from HDFC Bank, bringing over 25 years of f...
- Government gives final nod to Emirates NBD's $3 billion majority stake in RBL BankDubai's Emirates NBD has secured all necessary approvals for its significant investment in RBL Bank. This landmark deal, valued at approxim...
- Local legal eagles answer the 130-billion-dollar questionsIndian law firms are busier than ever, advising on thousands of deals worth billions. This activity spans mergers, private equity, and vent...
- RBI clears Emirates NBD to acquire up to 74% stake in RBL Bank; lender to become foreign bank post acquisitionEmirates NBD has received RBI approval to acquire up to 74% stake in RBL Bank, making it a foreign bank post-acquisition. Voting rights wil...
- RBL Bank gets RBI nod for Emirates NBD stake buy; Sebi approval awaitedRBL Bank has secured crucial approval from the Reserve Bank of India for its deal with Emirates NBD Bank. This clearance is expected to ini...
- UAE Central Bank clears Emirates NBD-RBL dealThe approval also covers the amalgamation of Emirates NBD's existing operations in India into RBL Bank, subject to the necessary regulatory...
- Emirates NBD Bank gets CCI's nod to acquire majority stake in RBL BankIndia's fair trade regulator, CCI, has approved Emirates NBD Bank's acquisition of a majority stake in RBL Bank. This move follows an agree...
- ET Exclusive: If India wants foreign capital in banking, forced glide backs are unattractive, says Emirates NBD CEO NelsonVoting rights should also be on par with economic stake, said Australian-born Nelson. He is the man credited with transforming the Dubai-he...
- Emirates NBD proposes open offer to acquire 26% in RBLEmirates NBD Bank plans to acquire a 26% stake in RBL Bank via an open offer at ₹280 per share, totaling ₹11,636 crore. This move, part of ...
- Emirates NBD proposes to launch open offer for RBL Bank stake on December 12Emirates NBD Bank plans to acquire a significant stake in RBL Bank. An open offer at Rs 280 per share will commence from December 12. This ...
- RBL to seek DPIIT nod to raise its FDI ceiling to 74%RBL Bank plans to seek government approval to raise its foreign direct investment limit to 74% from 49%. This move is crucial for processin...
- RBL Bank–Emirates NBD deal set to close in 5–8 monthsRBL Bank anticipates its $3 billion share purchase deal with Emirates NBD to conclude within 5-8 months, with the full infusion expected th...
- RBL Bank eyes wealth business after Emirates NBD dealEmirates NBD is acquiring a 60% stake in RBL Bank for $3 billion. This significant deal will allow RBL Bank to launch a wealth management b...
- Foreign firms being allowed to acquire Indian banks imprudent, poses substantial risks: CongressAs foreign investment in India's banking sector grows, recent acquisitions have caught the attention of many. The Congress party expresses ...
- Abu Dhabi's ADQ lines up banks for $1 billion Louis Dreyfus acquisition loan, say sourcesADQ said in November it had signed an agreement to acquire an indirect 45% equity stake in LDC, in what would be the first outside investme...
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