CARE Ratings Upgrades RBL Bank to 'AAA' Following ENBD Capital Infusion
RBL Bank Limited · RBLBANK · NSE ·
CARE Ratings has upgraded RBL Bank's Tier II bonds to ‘CARE AAA; Stable’ from ‘CARE AA-’ following a major corporate action. The upgrade is driven by a significant capital infusion of ~₹26,016 crore by Emirates NBD PJSC (ENBD), which has now become the promoter with a ~60% stake.…