India’s RBL Bank sees an opportunity to start a wealth management business after Emirates NBD buys a 60% stake for $3 billion, Chief Executive R Subramaniakumar said on Sunday.
The Middle Eastern bank will invest 268.53 billion rupees ($3.05 billion) in the private lender through a preferential issue of shares in the deal announced on Saturday, the largest cross-border acquisition in the Indian financial sector.
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Source: Reuters | Published: 2025-10-19T08:35:34Z
Credit: Reuters
