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Emirates NBD Bank gets India arm nod
May 20, 2025
|Mint Bangalore
The Reserve Bank of India (RBI) on Monday said that it decided to grant in-principle approval to Dubai-based Emirates NBD Bank PJSC to establish a wholly-owned arm in India.
India allows foreign banks to operate either as a branch or wholly-owned subsidiary of the parent. All except two—DBS Bank India and SBM Bank India—work as branches. A local unit gives more flexibility than branches.
هذه القصة من طبعة May 20, 2025 من Mint Bangalore.
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