Bengaluru: Shares of India’s RBL Bank jumped as much as 5.1% on Monday following Dubai-based Emirates NBD’s announcement to acquire a 60% stake in the lender for $3 billion, marking one of the largest cross-border investments in India’s banking sector. The acquisition, executed via a preferential share issue at ₹280 per share a 6.5% discount to the stock’s previous close also includes a merger with Emirates NBD’s existing India operations.

Analysts hailed the deal as a “landmark transaction” for the Indian financial sector. CLSA noted that the investment would bring long-term benefits for RBL Bank, while Citi analysts described it as the start of a “new chapter” for the institution, providing substantial capital to support medium- and long-term growth initiatives. The deal is expected t

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