RBL Bank to raise up to USD 1 bn from overseas | TakeMyTip

What Happened in the Market Today?

RBL Bank's board has given the green light to raise up to one billion US dollars from foreign investors via a Euro Medium Term Note Programme. The bank's borrowing committee is entrusted with overseeing all vital steps required for this initiative. This decision comes on the heels of Emirates NBD Bank acquiring a controlling sixty percent stake in RBL Bank's enhanced share capital.

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