RBL Bank jumps on reports Emirates NBD to pick stake up to 25%

Shares of RBL Bank rallied over 3% after reports surfaced that Dubai’s Emirates NBD is in advanced talks to take a stake of up to 25%. The deal may include equity and warrants, part of a strategic makeover. Investors see the potential tie-up as a confidence builder given governance and capital infusion prospects. The stock’s run comes amid broader consolidation talk in India’s banking space.