India’s RBL Bank hits five-year high after $3 bn Emirates NBD stake announced

RBL Bank surged to a five-year high after Emirates NBD revealed plans to invest about $3 billion for a 60 % stake, the largest cross-border acquisition in India’s financial-services sector. The deal includes a preferential issue at ₹280/share and is expected to catapult RBL’s net worth from ~$1.8 billion to about $5.1 billion, enhancing growth prospects in secured lending and governance. Analysts view the move as transformative despite recent profit weakness.