RBL Bank
Mumbai-headquartered Indian bank founded in 1943 as Ratnakar Bank, with 628 branches and over 15 million customers; Emirates NBD completed a 60 percent stake purchase in June 2026.
Industry: Banking | Location: Mumbai, India | Founded: 1943 | Total Funding: USD 2.8B
About RBL Bank
RBL Bank Limited is an Indian private-sector bank headquartered in Mumbai. Its website lists deposit accounts, loans, credit cards, insurance and wealth products, non-resident Indian banking, agricultural banking and corporate and wholesale banking. As of 30 September 2026 it reported more than 15 million customers and 628 branches across 28 Indian states and union territories. Its shares trade on the NSE and BSE under the ticker RBLBANK, and it now describes itself as a subsidiary of Emirates NBD.
The bank began in 1943 as Ratnakar Bank, a lender serving small businesses around Kolhapur and Sangli in Maharashtra. According to Wikipedia, it received a banking licence in 1970, bought Royal Bank of Scotland's Indian business banking, mortgage and credit card units in 2013, took the name RBL Bank in August 2014 and listed on the Bombay Stock Exchange in August 2016. R Subramaniakumar has been managing director and chief executive since June 2022, and Chandan Sinha is part-time chairman.
In 2026 the bank passed 600 branches and received AAA stable ratings from Crisil, ICRA and CARE. On 31 July 2026 Moody's assigned a first-time Baa2 issuer rating, which includes two notches of uplift for support from Emirates NBD.
Emirates NBD announced in October 2025 that it would take up to 60 percent of RBL Bank through a preferential share issue, followed by a mandatory open offer priced at INR 280 per share. On 18 June 2026 the two banks announced completion of a primary capital infusion of about USD 2.75 billion, or roughly INR 260 billion, giving Emirates NBD 60 percent of the expanded share capital. Five Emirates NBD nominees, including group chief executive Shayne Nelson, sit on the 13-member board.
For the year to 31 March 2026 the bank reported net profit of INR 822 crore, up 18 percent, on net total income of INR 10,481 crore. For the quarter to 30 September 2026 it reported net profit of INR 482 crore, up 170 percent year on year, with net advances of INR 142,314 crore, deposits of INR 156,272 crore and a capital adequacy ratio of 30.1 percent.
Leadership
- R Subramaniakumar, Managing Director and Chief Executive Officer
- Jaideep Iyer, Executive Director
- Bhavin Lakhpatwala, Chief Financial Officer
- Shayne Nelson, Board member of RBL Bank; Group Chief Executive, Emirates NBD