# The Government of India has granted a major regulatory clearance for Dubai-based Emirates NBD to acquire a controlling stake in RBL Bank.

*fintech · news · 2026-05-15 · Business Today*

## Key points

- The Indian Ministry of Finance approved Emirates NBD to acquire up to 74% of RBL Bank.
- The $3 billion deal is the largest-ever FDI in India's financial services sector.
- Emirates NBD will initially gain up to 60% control through a preferential allotment of new shares.
- Emirates NBD will merge its Indian branches into RBL Bank, consolidating their balance sheets.
- The acquisition still requires final Reserve Bank of India approval and closing conditions.

**Companies:** Emirates NBD, RBL Bank
**Countries:** India, United Arab Emirates

[Read the full story on Business Today](https://www.businesstoday.in/latest/corporate/story/finance-ministry-clears-emirates-nbds-3-billion-acquisition-of-rbl-bank-531791-2026-05-15)

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