Shares of RBL Bank Ltd. gained on Tuesday, October 14, after a MoneyControl report on Monday, stated that the Middle East bank Emirates NBD is in advanced talks to acquire a majority stake in the lender.

The report stated that both parties have been in talks for the last few months and Emirates NBD is keen on picking up more than 51% stake in RBL Bank.

RBL Bank's current market capitalisation is at ₹17,800 crore, which implies the deal to be valued at more than ₹9,900 crore.

Earlier reports had indicated that Emirates NBD was in the fray for a stake in IDBI Bank, along with other suitors like Fairfax, Oaktree and Kotak Mahindra Bank.

RBL Bank is targeting its Return on Assets (RoA) to reach 1% by the end of the ongoing fiscal compared to 0.56% in the first quarter. It currently trade

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