New Delhi, Oct. 16 -- The Reserve Bank of India (RBI) has approved the amalgamation of Emirates NBD Bank P.J.S.C.'s Indian branches with RBL Bank Ltd, with the merger set to take effect from 1 December 2026. From that date, all Indian branches of Emirates NBD will function as branches of RBL Bank, according to RBI's announcement on 16 October.

The approval marks a key step in Emirates NBD's expansion in India following its acquisition of a majority stake in RBL Bank in June 2026. Here are five key things to know about the merger.

RBI has sanctioned the scheme of amalgamation of Emirates NBD Bank P.J.S.C.'s Indian branches, referred to as the transferor bank, with RBL Bank Ltd, the transferee bank.

The approval was granted under Section...