New Delhi, Oct. 19 -- RBL Bank Ltd expects to secure regulatory approvals in the next five to six months for a $3 billion investment from Emirates NBD, a deal that would ultimately transition the Indian private bank into a wholly-owned subsidiary of a foreign entity.

The Dubai-based lender is expected to make the first tranche of its investment in eight months from now, managing director and chief executive officer R. Subramaniakumar told reporters. A day earlier, the two lenders had announced what would be the biggest foreign direct investment and equity fundraise in the Indian banking sector.

However, the management did not comment on any potential rebranding or identity shift after the ownership change. Asked if Emirates NBD might se...