Dubai-based bank gets in-principle RBI nod to set up India subsidiary: Key things to know
The Reserve Bank of India (RBI) said on Monday that it has decided to grant in-principle approval to the UAE’s Emirates NBD Bank PJSC for setting up a wholly-owned subsidiary in India. Emirates NBD Bank PJSC is Dubai’s government-owned lender. The Indian central bank’s nod is under its scheme for setting up wholly-owned subsidiaries by…