BusinessPhoto: Amar BusinessRBI Approves Emirates NBD's Indian Branches Merger with RBL Bank
The Reserve Bank of India (RBI) approved the merger of Emirates NBD Bank PJSC's Indian branches with RBL Bank, effective December 1, 2026. Post-merger, Emirates NBD's Indian branches will operate as RBL Bank branches. The Finance Ministry had earlier approved Emirates NBD's acquisition of up to 74% stake in RBL Bank. Emirates NBD completed a majority stake acquisition worth about ₹26,000 crore in June 2026, marking one of the largest foreign direct investments in Indian banking.
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