<?xml version="1.0" encoding="UTF-8" standalone="no"?><!--TAKEOVERPOST V1.0 (01-01-2026)--><xbrli:xbrl xmlns:xbrli="http://www.xbrl.org/2003/instance" xmlns:in-capmkt="https://www.sebi.gov.in/xbrl/2023-02-28/in-capmkt" xmlns:in-capmkt-ent="https://www.sebi.gov.in/xbrl/Takeover_Open_Offer_Post_Tendering_Phase/2023-02-28/in-capmkt/in-capmkt-ent" xmlns:in-capmkt-roles="https://www.sebi.gov.in/xbrl/Takeover_Open_Offer_Post_Tendering_Phase/2023-02-28/in-capmkt-roles" xmlns:in-capmkt-type="https://www.sebi.gov.in/xbrl/2023-01-31/in-capmkt-types" xmlns:iso4217="http://www.xbrl.org/2003/iso4217" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:negated="http://www.xbrl.org/2009/role/negated" xmlns:net="http://www.xbrl.org/2009/role/net" xmlns:nonnum="http://www.xbrl.org/dtr/type/non-numeric" xmlns:num="http://www.xbrl.org/dtr/type/numeric" xmlns:xbrldi="http://xbrl.org/2006/xbrldi" xmlns:xbrldt="http://xbrl.org/2005/xbrldt" xmlns:xl="http://www.xbrl.org/2003/XLink" xmlns:xlink="http://www.w3.org/1999/xlink"><link:schemaRef xlink:href="in-capmkt-ent-2023-02-28.xsd" xlink:type="simple"/><xbrli:context id="MainI"><xbrli:entity><xbrli:identifier scheme="https://www.sebi.gov.in/in-capmkt/ISIN">INE976G01028</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:instant>2026-06-25</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="MainD"><xbrli:entity><xbrli:identifier scheme="https://www.sebi.gov.in/in-capmkt/ISIN">INE976G01028</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:startDate>2026-06-25</xbrli:startDate><xbrli:endDate>2026-06-25</xbrli:endDate></xbrli:period></xbrli:context><xbrli:unit id="shares"><xbrli:measure>xbrli:shares</xbrli:measure></xbrli:unit><xbrli:unit id="INR"><xbrli:measure>iso4217:INR</xbrli:measure></xbrli:unit><xbrli:unit id="INRPerShare"><xbrli:divide><xbrli:unitNumerator><xbrli:measure>iso4217:INR</xbrli:measure></xbrli:unitNumerator><xbrli:unitDenominator><xbrli:measure>xbrli:shares</xbrli:measure></xbrli:unitDenominator></xbrli:divide></xbrli:unit><xbrli:unit id="pure"><xbrli:measure>xbrli:pure</xbrli:measure></xbrli:unit><in-capmkt:NameOfTargetCompany contextRef="MainI">RBL Bank Limited</in-capmkt:NameOfTargetCompany><in-capmkt:ISINOfTargetCompany contextRef="MainI">INE976G01028</in-capmkt:ISINOfTargetCompany><in-capmkt:CorporateIdentityNumberOfTargetCompany contextRef="MainD">L65191PN1943PLC007308</in-capmkt:CorporateIdentityNumberOfTargetCompany><in-capmkt:PermanentAccountNumberOfTargetCompany contextRef="MainD">AABCT3335M</in-capmkt:PermanentAccountNumberOfTargetCompany><in-capmkt:NumberOfSharesFullyPaidUpAcquiredInOffer contextRef="MainI" decimals="INF" unitRef="shares">0</in-capmkt:NumberOfSharesFullyPaidUpAcquiredInOffer><in-capmkt:OfferPricePerShareFullyPaidUp contextRef="MainD" decimals="INF" unitRef="INRPerShare">282.38</in-capmkt:OfferPricePerShareFullyPaidUp><in-capmkt:DateOfPaymentOrSettlement contextRef="MainI">2026-06-29</in-capmkt:DateOfPaymentOrSettlement><in-capmkt:AmountOfConsiderationPaidInOpenOffer contextRef="MainD" decimals="0" unitRef="INR">0</in-capmkt:AmountOfConsiderationPaidInOpenOffer><in-capmkt:DetailOfInterestPaidDueToDelayInPayment contextRef="MainD" decimals="0" unitRef="INR">0</in-capmkt:DetailOfInterestPaidDueToDelayInPayment><in-capmkt:NumberOfSharesPostOfferShareholdingOfAcquirerAndPAC contextRef="MainI" decimals="INF" unitRef="shares">929134820</in-capmkt:NumberOfSharesPostOfferShareholdingOfAcquirerAndPAC><in-capmkt:DateOfSubmissionForTakeoverPostTenderingPhase contextRef="MainI">2026-06-25</in-capmkt:DateOfSubmissionForTakeoverPostTenderingPhase><in-capmkt:NotesForTakeoverPostTenderingPhaseExplanatoryTextBlock contextRef="MainD">Date of Payment of Consideration: Not applicable, as no shares have been tendered in the Open Offer. Please note that the last day of payment of consideration, as disclosed in the Letter of Offer, is Monday, 29 June 2026. &lt;BR&gt; 
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For Post-offer shareholding of Acquirer, please note that on 18 June 2026, 929,134,820 Equity Shares were issued by the Target Company to the Acquirer pursuant to the Investment Agreement and the Preferential Issue</in-capmkt:NotesForTakeoverPostTenderingPhaseExplanatoryTextBlock><in-capmkt:TotalPercentageOfSharesFullyPaidUpAcquiredInOffer contextRef="MainI" decimals="INF" unitRef="pure">0</in-capmkt:TotalPercentageOfSharesFullyPaidUpAcquiredInOffer><in-capmkt:PercentageOfSharesPostOfferShareholdingOfAcquirerAndPAC contextRef="MainI" decimals="INF" unitRef="pure">0.6</in-capmkt:PercentageOfSharesPostOfferShareholdingOfAcquirerAndPAC></xbrli:xbrl>