RBI Clears Emirates NBD India Branch Merger With RBL Bank
What Happened
The Reserve Bank of India has approved the amalgamation of Emirates NBD Bank’s Indian branches with RBL Bank, effective December 1, 2026. From that date, Emirates NBD’s three branches in Mumbai, Chennai and Gurugram will operate as RBL Bank branches. The approval follows Emirates NBD’s acquisition of a 60% stake in RBL Bank in June.
Key Takeaways
The branch merger is a separate step from Emirates NBD’s majority-stake acquisition. The Dubai-based bank completed a roughly ₹26,000 crore investment for a 60% stake in RBL Bank on June 18, 2026.