India’s RBL Bank eyes wealth-management push after UAE partner deal

RBL Bank sees an opportunity to build a wealth-management arm following the announcement that UAE’s Emirates NBD Bank will buy a 60 % stake in the Indian lender for about US $3 billion. The bank’s CEO R Subramaniakumar said the strategic tie-up provides access to Gulf capital and private-banking practices that could fuel RBL’s push into affluent-client segments. The move comes amid rising competition in India’s wealth space and growing high-net-worth individual (HNWI) wealth, positioning the bank to leverage both domestic and international expertise.