RBI approves amalgamation of Indian branches of Emirates NBD Bank P.J.S.C. with RBL Bank Limited

FINSAMUDRA DESK · 16 Oct 2026, 10:35 pm IST · 1 MIN

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. (Brij Raj) Chief General Manager Press Release: 2026-2027/1342

Effective Date and Branch Transition

The statutory amalgamation takes effect on December 01, 2026:

Branch Rebranding & Continuity: All existing Indian branches of Emirates NBD Bank P.J.S.C.—located in key commercial centres including Mumbai, Gurugram, and Chennai—will cease standalone operations and function as fully integrated branches of RBL Bank Limited.
Seamless Customer Transfer: Assets, wholesale liabilities, credit lines, deposits, and corporate relationships held across Emirates NBD’s Indian branch network will be novated and absorbed directly onto RBL Bank’s balance sheet without disruption to depositor or borrower contracts.

RBI approves amalgamation of Indian branches of Emirates NBD Bank P.J.S.C. with RBL Bank Limited

More from RBI & Policy

"RBI Will Do Whatever Is Necessary for Orderly Rupee Movement": Governor Sanjay Malhotra Cracks Down on Forex Speculation

RBI Cancels Certificate of Registration of 13 NBFCs Across West Bengal and Tamil Nadu

RBI Imposes ₹5 Lakh Penalty on The Monghyr-Jamui Central Co-operative Bank Limited for CKYCR Non-Compliance

Double Regulatory Hit: RBI Penalises Hero Fincorp for Excess Interest Collection and Ola Financial for KYC Lapses

8 NBFCs surrender their Certificate of Registration to the RBI

RBI Cracks Down: Imposes ₹27.30 Lakh Penalty on ACRE for Management Fee Violations and ₹1.15 Lakh on Jilla Sahakari Bank

Institutional Intelligence Report | Banking & Regulatory Affairs

RBI and Finance Ministry Mandate Dual Governance Overhaul Across Cooperative Banks and PSU Insurers