R Subramaniakumar, Managing Director (MD) and Chief Executive Officer (CEO) of RBL Bank | Photo credit: FRANCIS MASCARENHAS
Private sector lender RBL Bank is aiming to join the league of big banks following a capital infusion from Emirates NBD Bank, which has proposed to acquire a 60 per cent stake in RBL through a primary infusion of ₹26,850 crore, MD & CEO R Subramaniakumar said. business line.
“We want to leave the league of mid-sized and small banks and enter the league of large banks. Furthermore, we cannot tell the timeline exactly as it depends on multiple approvals. We are trying to secure shareholder approval first on November 12,” the CEO said.
“Once that is done, our bank is working on getting approval from the Reserve Bank of India. ENBD is also working on getting approval from multiple regulators and other agencies. Normally, we are currently looking at a period of six to nine months (for completing the transaction) based on assumptions as there is no precedent,” he added.
The lender aims to further scale up its operations across retail, corporate finance, trade finance, digital, cards and microlending segments. It sees great synergies with ENBD in its export-import and international activities.
“The areas where ENBD is strong have a significant presence of Indians and a large amount of money is transferred from this corridor to India almost every month. So we have a great opportunity to tap into this customer segment, with technology as an ongoing process,” he said. The lender aims to provide wealth management services to HNIs and ultra-HNIs and wants to increase its market share from 0.5 percent currently in loans and deposits to 1 percent.
Published on October 19, 2025
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