Hot Pursuit
RBL Bank Ltd announced a strategic partnership with Emirates NBD (ENBD), a majority-owned subsidiary of the Government of Dubai, wherein ENBD will hold 60% ownership, bolstering the bank's capabilities in banking, treasury, and digital payments while expanding its reach into the GCC region. Credit rating agencies, including those assessing the bank's Long-Term Foreign Currency rating of BBB+/Stable, have not explicitly commented on any enhancements, assignments, or withdrawals related to this transaction; however, the partnership does not impact ratings on RBL Bank’s outstanding debt instruments, including its Long-Term Foreign Currency debt instruments, Short-Term Foreign Currency debt instruments, and other debt instruments, totaling Rs 1,802 billion as of March 2026, or USD 3.6 billion as of June 2026.