CCI Approves Emirates NBD Bank's Majority Stake Acquisition in RBL Bank

India's Competition Commission (CCI) has approved Dubai-based Emirates NBD Bank's acquisition of a majority stake in RBL Bank, involving up to 74% ownership through a combination of preferential allotment, open offer, and merger of Emirates NBD's India operations into RBL. The deal includes a mandatory open offer for up to 26% of RBL's shares from public shareholders, subject to regulatory approvals. Emirates NBD aims to consolidate its Indian presence under RBL Bank, which recently reported a significant profit increase.