Latest Updates Around The World
Mahindra & Mahindra (M&M) is likely to sell its entire 3.5% stake in RBL Bank through a block deal worth around $78 million (₹691 crore), marking a complete exit from the private lender.The sale is scheduled for Thursday, with Kotak Securities acting as the sole broker for the transaction, insiders said. The floor price for […]
RBL Bank MD and CEO R Subramaniakumar recently compared Emirates NBD Bank’s (ENBD) proposal to acquire a 60 percent stake in RBL Bank, through a primary infusion of about $3 billion (₹26,850 crore) to “bees attracted to flowers to collect nectar and pollen”. The CEO’s comment also reflects ongoing developments in the country’s fast-growing banking […]
Shares of Mumbai-based private lender RBL Bank rose 5% to their new 52-week high of Rs 314.65 on the BSE on Monday, October 20, following two major developments – the bank’s September quarter results and a landmark investment deal with Emirates NBD Bank. For the quarter ended September 2025 (Q2FY26), RBL Bank’s net interest income […]
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 […]
