Economy, Banking and Finance · 16 October 2026
Reserve Bank of India sanctions merger of Emirates NBD's Indian branches into RBL Bank
Exam-focused facts from the 16 October 2026 current affairs briefing.
Key facts
- The Reserve Bank of India (RBI) has sanctioned the Scheme of Amalgamation of the Indian branches of Emirates NBD Bank P.J.S.C. (Transferor Bank) with RBL Bank Limited (Transferee Bank).
- The Scheme was sanctioned under sub-section (4) of Section 44A of the Banking Regulation Act, 1949.
- The amalgamation will be effective from December 01, 2026, when all Indian branches of Emirates NBD Bank P.J.S.C. will function as branches of RBL Bank Limited.