Business · Companies · 4 hrs ago
RBI approves merger of Emirates NBD’s India branches into RBL Bank
The Reserve Bank of India approved a merger of Emirates NBD’s Indian branches into RBL Bank.
The branches are in Mumbai, Chennai and Gurugram.
From December 1, 2026, they will operate as RBL Bank branches.
The move follows Emirates NBD’s acquisition of a 60% stake in RBL Bank, completed in June 2026.
The stake purchase and the branch merger are separate steps in bringing the banks’ Indian businesses together.
The investment gives RBL additional capital to grow its business, while Emirates NBD gains a larger presence in India.
The RBI’s approval clears the way for the branch merger to take effect on the stated date.
The Reserve Bank of India approved the merger of Emirates NBD Bank’s Indian branches into RBL Bank.
The merger will take effect on December 1, 2026, when the branches will operate as RBL Bank branches.
Emirates NBD operates three branches in India, in Mumbai, Chennai and Gurugram.
Emirates NBD completed the acquisition of a 60% stake in RBL Bank in June 2026.
The merger will bring the two banks’ Indian operations together.
- Who
- Emirates NBD Bank P.J.S.C. and RBL Bank Limited.
- What
- The RBI approved a plan to merge Emirates NBD’s Indian branches into RBL Bank.
- When
- The approval was announced on October 16, 2026. The merger takes effect on December 1, 2026.
- Where
- India, including branches in Mumbai, Chennai and Gurugram.
- Why
- The merger will bring the two banks’ Indian operations together following Emirates NBD’s acquisition of a majority stake in RBL Bank.
This story does not have two clearly opposing sides.
Emirates NBD received RBI approval to open its first Indian branch in Mumbai.
Emirates NBD began operations in India.
The deal for Emirates NBD to acquire a stake in RBL Bank was first announced.
Emirates NBD completed the acquisition of a 60% stake in RBL Bank.
The RBI approved the merger of Emirates NBD’s Indian branches into RBL Bank.
The merger is due to take effect, with the Indian branches operating as RBL Bank branches.
- Stake acquired
- 60% of RBL Bank
- Investment
- About ₹26,000 crore
- Branches affected
- 3
- Branch locations
- Mumbai, Chennai and Gurugram
- Merger effective date
- December 1, 2026
3 sources
What people are saying
All Indian branches of Emirates NBD Bank P.J.S.C. will operate as branches of RBL Bank Limited from December 1, 2026.