Emirates Nbd Bank (P.J.S.C.)
Case brief
What is this about?
The Competition Commission of India approved a proposed combination involving the acquisition of RBL Bank by Emirates NBD Bank through an open offer, preferential allotment, and amalgamation. The Commission found the combined market share was low and no appreciable adverse effect on competition was likely.
What did the court decide?
The proposed combination between Emirates NBD Bank and RBL Bank is approved under Section 31(1) of the Competition Act, 2002.
What the court decided
COMPETITION COMMISSION OF INDIA
(Combination Registration No. C-2025/11/1350)
20th January 2026
Notice under Section 6 (2) of the Competition Act, 2002 jointly filed by Emirates NBD Bank (P.J.S.C.)
CORAM:
Ms. Ravneet Kaur Chairperson
Ms. Sweta Kakkad Member
Mr. Anil Agrawal Member
Mr Deepak Anurag Member
Order under Section 31(1) of the Competition Act, 2002
- On 27th November 2025, the Competition Commission of India ( Commission ) received a notice ( Notice ) under Section 6(2) of the Competition Act, 2002 ( Act ), filed by Emirates NBD Bank (P.J.S.C) ( ENBD/Acquirer ). The Notice was filed inter alia pursuant to: (a) Investment Agreement entered into by and between ENBD and RBL Bank Limited ( RBL/Target ) dated 18th October 2025 ( Investment Agreement ); (b) public announcement of Open Offer dated 18th October 2025 ( Public Announcement ); and (c)
Issues for consideration
2 issues framed by the court
Whether the proposed acquisition and amalgamation of RBL Bank by Emirates NBD Bank is likely to cause appreciable adverse effect on competition in India.
Whether the proposed combination is covered under prohibition or requires approval under the Competition Act, 2002.
Parties & counsel
- applicant
Emirates NBD Bank (P.J.S.C)
- respondent
Competition Commission of India
Coram
Ravneet Kaur
Case details
As recorded by the court registry
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