Foreign banks
Russian President Vladimir Putin has pushed back against US sanctions targeting Moscow's oil industry, describing them as "unfriendly" and vowing that Russia will not yield to external pressure. The sanctions, announced by US President Donald Trump, blacklisted Russia's two largest oil companies, Rosneft and
Foreign banks
Indian mid-sized banks, such as RBL Bank and Yes Bank, have attracted significant attention from overseas banks, with the Dubai-based Emirates NBD offering to acquire a 60% stake in RBL Bank for Rs 280 per share. Japan-based SMBC has also acquired a 24.2% stake in Yes Bank at 1.
Foreign banks
India, the world's third-largest oil importer, is bracing for a significant disruption in its crude supply from Russia after the US imposed sanctions on two of Russia's largest oil producers, Rosneft PJSC and Lukoil PJSC. This move threatens to sharply reduce India's discounted Russian
Private banking
The deal, announced just weeks after Japan's Sumitomo Mitsui Banking Corp bought a 24.2% stake in Yes Bank, signals the central bank's greater comfort with foreign banks investing in local financial institutions. RBL Bank Ltd, a Mumbai-based private bank, expects to secure regulatory approvals within
Foreign banks
As India's financial sector continues to attract foreign investment, Congress leader Jairam Ramesh has sounded the alarm on the substantial risks posed by foreign control. In a recent social media post, Ramesh highlighted three major acquisitions of Indian banks by foreign firms since 2020, including the amalgamation of
Foreign banks
RBL Bank Limited, a leading private bank in India, is poised to undergo a significant transformation with a $3 billion investment from Emirates NBD, a Dubai-based lender. The deal, anticipated to be finalized within the next five to six months, will see RBL Bank transition into a listed subsidiary of
Foreign banks
The deal, announced just weeks after Japan's Sumitomo Mitsui Banking Corp bought a 24.2% stake in Yes Bank, signals the central bank's greater comfort with foreign banks investing in local financial institutions. RBL Bank Ltd, a Mumbai-based private bank, expects to secure regulatory approvals within
Foreign banks
The deal, announced just weeks after Japan's Sumitomo Mitsui Banking Corp bought a 24.2% stake in Yes Bank, signals the central bank's greater comfort with foreign banks investing in local financial institutions. RBL Bank Ltd, a Mumbai-based private bank, expects to secure regulatory approvals within
Foreign banks
RBL Bank Limited, a leading private bank in India, is poised to undergo a significant transformation with a $3 billion investment from Emirates NBD, a Dubai-based lender. The deal, anticipated to be finalized within the next five to six months, will see RBL Bank transition into a listed subsidiary of
Private banking
RBL Bank Limited, a leading private bank in India, is poised to undergo a significant transformation with a $3 billion investment from Emirates NBD, a Dubai-based lender. The deal, anticipated to be finalized within the next five to six months, will see RBL Bank transition into a listed subsidiary of
Foreign banks
Emirates NBD, a Dubai government-controlled bank, is set to acquire a controlling stake of up to 60% in RBL Bank through a primary infusion of approximately $3 billion, the largest foreign direct investment in India's financial services sector. This strategic move is expected to strengthen RBL Bank'
Foreign banks
The UAE's Emirates NBD has announced a $3 billion investment in RBL Bank, one of India's leading private sector banks, in the largest foreign direct investment and equity raise in the Indian banking sector to date. The Emirati bank will acquire a majority stake through a
