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RBL Bank Q2 Review — Motilal Oswal Maintains 'Buy', Sees Emirates NBD Deal To Unfold New Growth Opportunities

Given the fund infusion from Emirates NBD expected in Q1 FY27, Motilal Oswal increases its earnings estimates by 19%/17% for FY27/28E.

<div class="paragraphs"><p>RBL Bank's NIM trajectory will improve by 10-15bp every quarter. (Photographer: Vijay Sartape/NDTV Profit) </p></div>
RBL Bank's NIM trajectory will improve by 10-15bp every quarter. (Photographer: Vijay Sartape/NDTV Profit)
Emirates will invest $3 billion for a 60% stake in RBL Bank, triggering an open offer to acquire up to 26%. This will enable RBL Bank to scale up its operations and expand into cross-border and NR business. The deal, subject to regulatory and shareholder approvals, brings strategic capital and global synergy without changing senior management.
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