RBL Bank Seeks Foreign Cap for Emirates NBD Deal; ED Rajeev Ahuja to Retire

• RBL Bank applied to RBI/Govt. for a temporary 24% cap on foreign shareholding.
• The request is linked to Emirates NBD Bank's proposed investment via a preferential issue, with an agreement dated October 18, 2025.
• The cap request has not yet been granted, but Emirates NBD has headroom to hold a minimum of 51%.
• Executive Director Rajeev Ahuja will retire on February 20, 2026, after his term ends, having played a pivotal role in the bank's transformation.
• RBL Bank shares closed up 2.08% at ₹316.15 on BSE on December 31.

Why It Matters: RBL Bank seeks a foreign shareholding cap for Emirates NBD deal while its ED announces retirement.