The approval also covers the planned amalgamation of the bank’s existing India operations with RBL Bank, the statement said
The sale process may involve divestment of items on its core balance sheet. RBL Bank likely to join the bid process
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.