Tag: rbl bank
M&M sells entire 3.5% stake in RBL Bank ahead of open offer by Emirates NBD| Business News
Mahindra & Mahindra Ltd. has sold its entire 3.5% stake in RBL Bank Ltd. at 62.5% gain, ahead of an open offer by Dubai’s Emirates…
India plans to hike foreign investment cap in state-run banks to 49%, source says
India is planning to allow direct foreign investment in state-run banks of up to 49%, more than double current limits, according to a person directly…
Global banks bet billions on India amid US credit jitters| Business News
A spate of billion-dollar deals—including those involving Yes Bank Ltd. and RBL Bank Ltd.—have thrust India’s financial sector into the global spotlight, when credit worries…
RBL Bank surges most in 5 years after biggest stake-sale deal in Indian banking| Business News
Shares of RBL Bank Ltd. jumped to its highest in nearly five years after the private lender struck the biggest stake-sale deal in India’s banking…
Dubai’s Emirates NBD to acquire 60% of RBL Bank in $3-billion stake sale deal| Business News
Dubai’s Emirates NBD Bank PJSC has agreed to buy 60% stake in RBL Bank Ltd., in what is seen as the biggest foreign investment in…
Festive demand, GST cuts likely to cushion tariff impact: Bankers
Mumbai: Increased domestic demand during the ongoing festive season, aided by goods and services tax (GST) rate cuts, could boost the prospects of US tariffs-hit…