Economy
RBI Clears Emirates NBD India Branches’ Transfer to RBL Bank
The RBI approved the merger of Emirates NBD’s Indian branches into RBL Bank, effective December 1, 2026.
What happened
The Reserve Bank of India sanctioned the amalgamation scheme under Section 44A(4) of the Banking Regulation Act, 1949. From December 1, 2026, all Indian branches of Emirates NBD Bank P.J.S.C. will operate as branches of RBL Bank Limited. RBL Bank is the transferee bank under the approved arrangement.
Why it matters
The approval changes the legal banking entity operating Emirates NBD’s Indian branches, which will function under RBL Bank from the effective date.
Source: RBI