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The Economic Times

Business

RBI approves merger of Emirates NBD's India branches with RBL Bank

RBL Bank Emirates NBD Reserve Bank of India Mergers India Finance Ministry Chennai Gurugram Monetary Policy Mumbai

The Reserve Bank of India (RBI) on Friday approved the merger of the Indian branches of Dubai-based Emirates NBD Bank (P.J.S.C.) with RBL Bank. The amalgamation will take effect from December 1, 2026, the central bank said in a press release dated October 16.

"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," it said.

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