Emirates #NBD has secured green light to move ahead with its planned acquisition of a majority stake in India’s RBL Bank, setting the stage for one of the largest cross-border deals in the country’s #bankingsector. Emirates NBD has secured green light to move ahead with its planned acquisition of a majority stake in India’s RBL Bank, setting the stage for one of the largest cross-border deals in the country’s banking sector. The Reserve Bank of India has approved the #Dubai lender to acquire up to 74% of RBL Bank’s share capital, with a requirement to maintain at least a 51% stake. Voting rights, however, will be capped at 26%, aligning with India’s banking regulations. The approval, valid for one year, clears a key hurdle in a transaction that will reshape ownership structures in India’s private banking space. The deal stands out for its scale and structure. It marks the first time a profitable mid-sized Indian private bank is set to come under majority ownership of a foreign lende...