• ENBD deal structure: Following a ₹26,860 crore capital infusion for a 60% stake, RBL Bank operates with a 13-member board consisting of seven non-independent directors and six independent directors, while retaining the current management team and integrating three ENBD branches.
• Cost of funds: A rating upgrade to AAA has lowered borrowing costs by 40 to 50 basis points to within 10 to 20 basis points of large banks, with cost of deposits expected to decline to the 4.8%–4.9% range by year-end.
• Credit growth targets: Advances are projected to grow by 25% to 30%, driven by access to higher-rated corporate clients, mid-corporate lending, and doubling or tripling the existing $1 billion GIFT City asset book.
• FCNR deposit mobilization: Leveraging ENBD’s UAE presence and the NRI corridor, the bank has set a target of raising $1.5 billion to $2 billion in FCNR-B deposits.
• Long-term return aspirations: Management has set a three-year aspirational ROA target of 1.8% to 2.0% and an ROE near 10%, aiming to deploy the equity fivefold to expand the balance sheet by ₹2 lakh crore.