RBL Bank shares surge 5% to 52-week high on Q2 beat, Emirates NBD’s Rs 26,853 crore stake buy
RBL Bank shares surged to a 52-week high following its September quarter earnings and a landmark investment agreement with Emirates NBD. The Dubai-based bank will acquire a 60% stake for Rs 26,853 crore, marking the largest FDI in India's financial services sector. This strategic partnership is set to significantly bolster RBL Bank's capital and expand its growth prospects.