RBL Bank Limited informs the exchange that RBI by its letter dated May 6, 2026 approved the amendments to the Articles of Association of the Bank.
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RBI has approved amendments to RBL Bank's Articles of Association as required under Section 35B(1)(a) of the Banking Regulation Act, 1949. The amendments include director nomination rights for Emirates NBD Bank (the Investor), which is investing in RBL Bank via a preferential issue of equity shares under an Investment Agreement dated October 18, 2025. This is a continuation of prior disclosures from October 18, 2025 and April 11, 2026. The proposed investment remains conditional on receipt of other regulatory approvals and standard conditions precedent under the Investment Agreement.
RBI approval removes a key regulatory hurdle for the Emirates NBD investment, which could provide capital and a strategic investor for RBL Bank. However, the deal is not yet complete — additional regulatory approvals are still pending.