Emirates NBD gets ready with $ 1.7 bn cheque to buy majority control of RBL Bank

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Emirates NBD Bank is in advanced talks to invest Rs 15,000 crore in RBL Bank, aiming to become its largest shareholder with a 51% stake. The deal, pending RBI approval, will expand the UAE bank's Asian footprint and tap into the India-Middle East remittance market. RBL Bank's share price has surged in anticipation of this significant foreign investment.