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RBL Bank's profit surged, and Emirates NBD is acquiring a 60% stake.
India's RBL Bank reported a 233% surge in fourth-quarter net profit to Rs 230 crore, driven by strong loan growth and improved asset quality.
The bank's deposits rose 25% to Rs 1.39 lakh crore, while gross bad loans fell to 1.45%.
A major milestone occurred when the UAE's Emirates NBD received regulatory approval to acquire a 60% stake in RBL Bank for $3 billion, pending final government clearance.
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Las ganancias de RBL Bank se dispararon, y Emirates NBD está adquiriendo una participación del 60%.