Shares of RBL Bank Ltd. are trading with gains on Monday after the lender posted strong operational numbers for FY26 while also reportedly receiving a crucial Reserve Bank of India nod for the Emirates NBD deal.
The stock is currently trading at Rs 308.55, which accounts for gains of more than 2.5%. The stock reached an intraday high of Rs 310 and has surged a whopping 75% in the last 12-months, largely on account of optimism surrounding the Emirates NBD deal.
NDTV Profit reported last week that the lender has received RBI approval for the proposed acquisition of majority shareholding by Emirates NBD, which will acquire control over the RBL Bank and will be classified as a promoter, and the acquired bank will be classified as a subsidiary of a foreign bank.
India allows 74% foreign investment in private banks, but limits shareholdings of any single foreign institution to 15% unless the RBI has approved.
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The deal has already received the Competition Commission of India's nod and may get clearance from the Securities and Exchange Board of India soon.
The Emirates NBD-RBL Bank deal is expected to be closed by the first quarter of the financial year 2026-27, executives said in a recent earnings call. It will be the first acquisition of majority interest in a profitable Indian bank by a foreign bank.
In addition to the RBI nod, RBL Bank posted strong operational numbers, with total business notably crossing the Rs 2.5 lakh crore mark as of March 31, 2026, representing a year-on-year growth of around 24%.
Total deposits as of 31 March 2026 reached Rs 1.39 lakh crore, reflecting growth of 25% year-on-year and 16% quarter-on-quarter.
CASA deposits stood at Rs 46,723 crore, up 23% year-on-year and 26% quarter-on-quarter. The CASA ratio improved to 33.6% from 30.9% in the previous quarter.
Gross advances grew to Rs 1.15 lakh crore, marking a 22% year-on-year and 11% quarter-on-quarter increase.
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