Reserve Bank sanctions amalgamation of Emirates NBD's Indian branches with RBL Bank
16 October 2026
The Reserve Bank of India has approved the amalgamation of the Indian branches of Emirates NBD Bank P.J.S.C. with RBL Bank Limited. Emirates NBD Bank P.J.S.C. is the transferor bank and RBL Bank Limited is the transferee bank. The scheme of amalgamation has been sanctioned under sub-section (4) of Section 44A of the Banking Regulation Act, 1949. The scheme comes into force with effect from December 1, 2026, and from that date the Indian branches of Emirates NBD Bank P.J.S.C. will function as branches of RBL Bank Limited. The press release, numbered 2026-2027/1342, was issued over the signature of Brij Raj, Chief General Manager.
In plain words
Section 44A Section 44A of the Banking Regulation Act, 1949 — The provision that governs voluntary amalgamation of banking companies and requires the Reserve Bank to sanction the scheme.