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 Limited (Transferee Bank). The Scheme has been sanctioned in exercise of the powers contained in sub-section (4) of Section 44A of the Banking Regulation Act, 1949. The effective date of the amalgamation shall be December 01, 2026. All the Indian branches of Emirates NBD Bank P.J.S.C. will function as branches of RBL Bank Limited with effect from December 01, 2026.
Key purposes and objectives of amalgamations –
It merges Emirates NBD’s existing Indian branch network (located in Mumbai, Chennai, and Gurugram) into RBL Bank’s unified operational structure.
Post- acquisitions, it follows Emirates NBD’s ~₹26,000 crore primary capital infusion and 60% stake acquisition in RBL Bank, streamlining the parent bank’s footprint in India under a single licensed entity
It combines Emirates NBD’s cross-border and corporate capabilities with RBL Bank’s domestic retail and commercial banking franchise.