The transaction will be conducted through the Indian wholly-owned subsidiary of Emirates NBD, sources said. (File image of RBL Bank. Photographer: Vijay Sartape/NDTV Profit) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Emirates NBD is set to buy a controlling stake in RBL Bank, the Mumbai-based private Indian lender, NDTV Profit learnt exclusively from sources on Monday.

The Dubai-based lender will acquire around 60% stake in RBL Bank for approximately $3 billion, the persons privy to the development said, adding that the transaction is expected to be announced soon.

According to sources in the know, this will be done entirely using the fresh equity issuance route, meaning that the entire capital will be directly infused into the bank. The transaction will be conduc

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