RBL Bank Stocks Soar as Emirates NBD Poised to Take Major Stake
Shares of RBL Bank, a mid-sized private lender in India, surged more than 3% on October 14, reaching levels not seen since early 2024. The rally was fueled by reports that Emirates NBD, a leading Dubai bank, is in advanced talks to acquire up to 25% stake in RBL through a mix of equity and…