RBL Bank’s board reconstituted following Emirates NBD Bank taking majority stake

R Subramaniakumar, MD & CEO, RBL Bank

The chief of RBL Bank, R Subramaniakumar, said that the primary capital infusion of ₹26,016 crore from Emirates NBD Bank will drive the bank’s natural profitable growth.

Speaking at the event marking the completion of Emirates NBD Bank’s $3 billion investment, Subramaniakumar added that this will help RBL Bank become a leading large bank moving forward.

After the preferential allotment of equity shares, Emirates NBD Bank (P.J.S.C.) now holds a 60 percent stake in RBL Bank and has been designated as its promoter.

Moreover, the board of RBL Bank has been reshaped, with Emirates NBD Bank appointing five of its senior leaders as additional non‑executive, non‑independent directors: Shayne Keith Nelson (Group CEO), Patrick John Sullivan (Group CFO), Neeraj Makin (Group Head – Strategy, Analytics and Venture Capital), Manoj Chawla (Group Chief Risk Officer), and Marwan Mahmood Mohammad Hadi (Group Head – Retail Banking & Wealth Management).

At its Thursday meeting, the board also recorded the resignations of Gopal Jain and Veena Mankar from their roles as non‑executive, non‑independent directors.

“Looking forward, our aim is to create a robust, agile and future‑ready bank that delivers sustainable growth, superior customer experience and lasting value,” Subramaniakumar said.

Keith Nelson stressed that the successful completion of this large‑scale transaction shows not only the commitment of the parties involved but also the confidence global investors place in India’s economic outlook, regulatory framework and governance standards.

“Today signifies more than just a bank acquisition; it reflects our long‑term commitment to India,” he said.

Published on June 18, 2026