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RBI Approves Amalgamation of Emirates NBD Bank Indian Branches with RBL Bank
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News18•16-10-2026, 18:00
RBI Approves Amalgamation of Emirates NBD Bank Indian Branches with RBL Bank
- •The Reserve Bank of India has sanctioned the scheme of amalgamation of Indian branches of Emirates NBD Bank with RBL Bank.
- •The amalgamation will officially take effect on December 1, 2026.
- •All Indian branches of Emirates NBD Bank will function as branches of RBL Bank Limited starting from the effective date.
- •The Finance Ministry previously granted approval in May for Emirates NBD Bank to acquire up to a 74 percent stake in RBL Bank.
- •Emirates NBD opened its first Indian branch in Mumbai in 2017 and later expanded to Gurugram and Chennai.
Key Questions Answered
The Reserve Bank of India announced that the effective date for the amalgamation of the Indian branches of Emirates NBD Bank with RBL Bank will be December 1, 2026.
Following the amalgamation, all Indian branches of Emirates NBD Bank will operate as branches of RBL Bank Limited starting from December 1, 2026.
The Finance Ministry approved Emirates NBD's acquisition of up to a 74% stake in RBL Bank in May. Emirates NBD originally commenced its operations in India in July 2017 after receiving RBI approval in 2016 for its maiden branch in Mumbai.
