Important StoriesSitharaman pitches rupee mechanism to bridge global forex crunch, trade disruptionsSC verdict on YES Bank AT1 bonds brings relief for mutual funds, retail investorsFestive airfares shoot through the roof, with some domestic tickets touching ₹35,000Reliance hits back at Musk, says Jio’s satellite services also await clearancesIndia-US trade pact would be concluded at earliest, in interest of global trade: FMFollow UsFOLLOW US ON WHATSAPPHomeGO BACK TO HOME THIS AD SUPPORTS OUR JOURNALISM. SUBSCRIBE FOR MINIMAL ADS. THIS AD SUPPORTS OUR JOURNALISM. SUBSCRIBE FOR MINIMAL ADS. RBI okays Scheme of Amalgamation of Indian branches of Emirates NBD with RBL Bank All the Indian branches of Emirates NBD will function as branches of RBL Bank Limited with effect from December 01, 2026 By BL Mumbai Bureau Updated - October 16, 2026 at 09:07 PM.×ShareWhatsAppXFacebookLinkedInMessengerRedditMailhttps://www.thehindubusinessline.com/money-and-banking/rbi-okays-scheme-of-amalgamation-of-indian-branches-of-emirates-nbd-with-rbl-bank/article71593463.eceCopy 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 billion ($26,000 crore. Emirates NBD Bank has three branches -- Mumbai, Gurugram and Chennai -- in India. RBL Bank has 628 branches.

RBI said the Scheme of Amalgamation of Indian branches of Emirates NBD with RBL Bank has been sanctioned in exercise of the powers under the Banking Regulation Act, 1949. The effective date of the amalgamation will be December 01, 2026.

All the Indian branches of Emirates NBD will function as branches of RBL Bank Limited with effect from December 01, 2026.

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