Mumbai, Oct. 14 -- According to reports, the proposed investment will be made through a preferential allotment of shares and warrants, followed by an open offer for an additional 26%. The capital infusion is expected to help recapitalise RBL Bank and strengthen its balance sheet.

The potential deal would expand Emirates NBD's footprint in Asia and bolster its presence in the India-West Asia remittance corridor, where the UAE accounts for nearly half of the $38.7 billion remitted to India from Gulf countries in FY24.

A formal announcement could come around October 18, coinciding with RBL Bank's board meeting to approve its quarterly results. The Kolhapur-based lender is entirely publicly held, with multiple institutional investors owning...