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

The Competition Commission of India has approved Emirates NBD Bank's plan to acquire up to a 74% stake in RBL Bank through an open offer, preferential allotment, and merger of its India operations. Concurrently, BNP Paribas sold 60 lakh shares of RBL Bank worth Rs 178 crore, while BofA Securities acquired a similar stake. Despite recent stock declines, RBL Bank reported strong profit growth and improved asset quality, reflecting ongoing shifts in its ownership and market activity.