Mumbai: India’s RBL Bank is preparing for a major transformation as it looks to expand into the wealth management business, following a historic investment deal with Dubai-based Emirates NBD, one of the largest banks in the Middle East. The partnership marks a new chapter in the Indian lender’s growth journey, signaling its intent to move beyond traditional retail banking into high-value financial services.

Under the agreement, Emirates NBD will invest ₹26,853 crore (approximately USD 3.05 billion) through a preferential share issue to acquire a 60 percent stake in RBL Bank. The move represents one of the largest foreign investments in India’s banking sector, underscoring global confidence in the country’s fast-growing financial landscape.

The investment will make RBL Bank a listed sub

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