RBI Approves Emirates NBD’s India Branch Merger With RBL Bank From December 1
The Reserve Bank of India approved the amalgamation of Emirates NBD Bank’s Indian branches with RBL Bank, effective December 1, 2026.
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The Reserve Bank of India has sanctioned the Scheme of Amalgamation of Indian branches of Emirates NBD Bank P.J.S.C. (Transferor Bank) with RBL Bank (Transferee Bank).In June 2026, Emirates NBD completed acquisition of a majority stake in RBL Bank through a primary infusion of approximately $2.75 b…
The Reserve Bank of India (RBI) has approved the amalgamation of the Indian branches of Emirates NBD Bank P.J.S.C. with RBL Bank Limited, with the merger set to take effect from December 1, 2026.In an official statement on Friday, the RBI said following the amalgamation, all Indian branches of Emir…