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RBL Bank: RBL Bank shares surged to scale a five-year high on Monday, October 20, after Emirates NBD Bank announced that it would acquire a 60 per cent stake in the Indian lender for Rs 26,853 crore (approximately $3 billion).

NBD Bank would purchase approximately 95.91 crore shares at Rs 280 per share.

The stock soared as much as 8.2 per cent to Rs 324.20 apiece on BSE -- its highest intraday level recorded since at least February 2020.

At 11:05 am, the stock held on strongly to the green, trading at Rs 322 apiece on the bourse.

Emirates NBD will invest Rs 26,853 crore in RBL Bank through a preferential issue of shares. The deal marks the largest foreign direct investment in India's financial sector and is set to give Emirates NBD a 60 per cent stake in RBL Bank, making it the controlling shareholder.

Emirates NBD will also make an open offer to acquire an additional 26 per cent stake from public shareholders at Rs 280 per share.

RBL Bank will merge with Emirates NBD's India branches, subject to regulatory approvals.

Earlier on Monday, Zee Business Managing Editor Anil Singhvi described the development as an "amazing deal", saying that fresh money will likely trigger a rerating for RBL Bank.

RBL Bank's Q2FY26 YoY financial results were better than estimates.

The net interest income (NII) stood at Rs 1,520 crore, down 5 per cent on a year-on-year basis, while profit after tax (PAT) declined 20 per cent to Rs 178 crore.

Gross non-performing assets (GNPA) improved to 2.3 per cent from 2.8 per cent QoQ, though net non-performing assets (NNPA) increased to 0.6 per cent from 0.5 per cent QoQ.

Net interest margin (NIM) -- a key measure of a financial institution's profitability -- declined to 4.51 per cent from 5 per cent.

RBL Bank, formerly known as Ratnakar Bank Limited, is an Indian private sector bank founded in 1943 and headquartered in Mumbai. It offers services across five verticals: corporate banking, commercial banking, branch banking and retail liabilities, retail assets, and treasury and financial markets operations.

Currently working as a trainee Sub-Editor at Zee Business, Shristi Rani is passionate about storytelling and delivering content that engages diverse audiences across digita