Moody's assigns Baa2 rating to RBL Bank

Baa2 is well above the speculative grade, indicating the issuer has adequate capacity to meet its financial commitments

RBL Bank on Friday announced that Moody's Ratings has assigned a first-time Baa2/P-2 rating, indicating investment grade.The outlook for the bank is ‘stable’ and incorporates a two-notch uplift for affiliate support, reflecting support from Emirates NBD Bank, RBL Bank's largest shareholder.Baa2 is well above the speculative grade, indicating the issuer has adequate capacity to meet its financial commitments.The rating is further underpinned by RBL Bank's franchise strength, expected business growth over the next two to three years, and strong capitalisation levels, the bank said in a statement.This follows the private lender’s significantly strengthened capital position following Emirates NBD’s investment through a primary capital infusion of $2.75 billion (₹26,000 crore), resulting in a 60 per cent stake acquisition in RBL Bank.Emirates NBD Bank, the second largest in the UAE, expressed its interest in October 2025 to acquire a majority 60 per cent stake in RBL Bank for ₹26,853 crore.Following all regulatory approvals, Emirates NBD Bank acquired a controlling stake in RBL Bank last month.Published on July 31, 2026