The Yes Bank-SMBC and RBL-Emirates NBD deals have opened doors for more such deals to happen in Indian banking ecosystem
Foreign banks are pivoting from branch expansion to strategic equity stakes in Indian lenders to unlock retail growth opportunities they can't access alone
At the end of day's trade on October 13, a 51 per cent stake in the private sector lender was worth around Rs 9,071 crore ( $1.02 bn). Emirates NBD has also been linked to the IDBI Bank stake sale earlier.
A potential disinvestment deal has triggered a rally in IDBI Bank. The real attraction will be IDBI Bank’s huge deposits of over Rs 300,000 crore, as of March 2025 end
Dubai-headquartered bank Emirates NBD is willing to shell out $6-7 billion in an all-cash deal for a 61 percent stake in IDBI Bank, Moneycontrol has learnt. This emerged after an informal conversation between DIPAM and potential bidders over valuation for IDBI Bank’s divestment.
The government and LIC together are looking to sell 60.72 percent in IDBI Bank and had invited bids from potential buyers in October. The last date for submitting Expression of Interest (EoI) or preliminary bids was set at December 16, which was later extended to January 7.
The lender, having the largest presence in the Middle East region, has so far invested USD 300 million in the last five years of its operations in India in three tranches, its group head for international and group strategy, Neeraj Makin, told PTI.
The branch will offer a range of services to corporate, SME and institutional clients including trade finance, treasury services, bilateral and syndicated loans in addition to supporting NRI (non-resident Indian) customers looking for cross-border wealth management solutions.
Watch the interview of Dharmesh Bhatia of Emirates NBD with Manisha Gupta on CNBC-TV18. He spoke about the current trend in commodities markets.
Watch the interview of Dharmesh Bhatia of Emirates NBD with Manisha Gupta on CNBC-TV18. He spoke about the current trend in commodities market.
Watch the interview of Dharmesh Bhatia of Emirates NBD with Sumaira Abidi and Nigel D'Souza on CNBC-TV18. He spoke about the current trend in commodities market.
Watch the interview of Dharmesh Bhatia of Emirates NBD with Manisha Gupta on CNBC-TV18. He spoke about the current trend in commodities market.
Watch the interview of Dharmesh Bhatia of Emirates NBD with Manisha Gupta on CNBC-TV18. He spoke about the current trend in commodities markets.
Watch the interview of Dharmesh Bhatia of Emirates NBD with Manisha Gupta on CNBC-TV18. He spoke about the current trend in commodities market.
Watch the interview of Dharmesh Bhatia of Emirates NBD with Manisha Gupta on CNBC-TV18. He spoke about the current trend in commodities market.
Watch the interview of Dharmesh Bhatia of Emirates NBD with Manisha Gupta on CNBC-TV18. He spoke about the current trend in commodities markets.
Infosys subsidiary EdgeVerve Systems today said it has carried out a pilot for using blockchain network for international remittances and trade finance with ICICI Bank and Middle East-based Emirates NBD.
ICICI Bank today announced that it has successfully executed transactions in international trade finance and remittances using blockchain technology in partnership with Emirates NBD.
Watch the interview of Dharmesh Bhatia of Emirates NBD with Manisha Gupta on CNBC-TV18. He spoke about the current trend in commodities markets.
Watch the interview of Dharmesh Bhatia, Commodity Manager at Emirates NBD with Manisha Gupta on CNBC-TV18. He spoke about the current trend in commodities market.
Watch the interview of Dharmesh Bhatia of Emirates NBD with Manisha Gupta on CNBC-TV18. He spoke about the current trend in commodities market.
Watch the interview of Dharmesh Bhatia of Emirates NBD with Manisha Gupta on CNBC-TV18. He spoke about the current trend in commodities market.
Watch the interview of Dharmesh Bhatia of Emirates NBD with Manisha Gupta on CNBC-TV18. He spoke about the current trend in commodities market.
Watch the interview of Dharmesh Bhatia of Emirates NBD with Manisha Gupta on CNBC-TV18. He spoke about the current trend in commodities market.
Watch the interview of Dharmesh Bhatia of Emirates NBD with Manisha Gupta on CNBC-TV18. He spoke about the current trend in commodities market.