The Indian division of Emirates NBD is reportedly one of three contenders in discussions with Deutsche Bank over the potential purchase of its retail and wealth management operations in India.
Bloomberg, citing unnamed sources, reported that the German lender is also holding talks with Kotak Mahindra Bank and Federal Bank Ltd.
According to the report, the interested banks have reviewed the portfolio and negotiations remain ongoing.
In October, Emirates NBD — Dubai’s largest bank by assets — agreed to acquire a controlling share in RBL Bank, a private-sector lender in India, for USD3B, marking one of the most significant foreign direct investments in the country’s financial services sector.
Subject to regulatory clearance, the deal is expected to close by the end of the second quarter of 2026.
That same month, Abu Dhabi’s International Holding Company announced a USD1B investment in Sammaan Capital, an Indian non-banking financial firm.
Emirates NBD is 56 percent owned by the Investment Corporation of Dubai and Dubai Holding Group.
The bank reported a 23 percent year-on-year rise in net profit to AED6.4 billion (USD1.7B) for the third quarter of 2025, supported by robust lending activity. Total assets reached AED1.1 trillion by the end of the period.
