RBL Bank to add up to ₹11,000 crore from Emirates NBD branch merger

RBL Bank announced that the Reserve Bank of India has approved the merger of three Emirates NBD branches, an action expected to add between ₹10,000 and ₹11,000 crore to its balance sheet. Managing Director and Chief Executive Officer R Subramaniakumar explained that the deal, together with a recent $3.4 billion mobilisation of FCNR(B) deposits, will allow the lender to replace high-cost funding and pursue profitable secured mid- and large-corporate loans.

A recent rating upgrade improves its borrowing terms and opens access to multinational corporations and high-net-worth clients. The bank intends to grow its retail franchise through family-account strategies, expand wealth-management offerings, and increase fee income from insurance and asset-management distribution. It also plans to broaden its trade and remittance business while monitoring upcoming insurance distribution norms. Overall, RBL targets a compound annual growth rate of at least 20% and expects the merger to accelerate that trajectory.