RBL Bank Board Approves Amendment to Emirates NBD Investment Pact

RBL Bank's Board approved an amendment to the Investment Agreement with Emirates NBD Bank, following RBI's approval for Emirates NBD to acquire up to 74% of RBL Bank and classify it as a foreign bank in subsidiary mode. The amendment revises director nomination rights and necessitates changes to RBL's Articles of Association to align with RBI Directions. An Extraordinary General Meeting (EGM) is scheduled for May 4, 2026, to seek shareholder approval for these Article amendments, special director nomination rights for the investor, and the fixed remuneration for the Non-Executive Part-time Chairman.