Emirates NBD scouting for acquisitions in wealth mgmt, i-banking, institutional equities

UAE-based Emirates NBD is deepening its presence in India, leveraging its USD 2.7-B majority acquisition of RBL Bank to access the country’s middle-class and affluent consumer segments. The firm is looking at strategic bolt-on acquisitions in sectors such as wealth management, investment banking, and institutional equities.Emirates NBD is a major banking institution that provides a range of financial services across international markets. The firm intends to utilize its USD 100-M corporate venture fund, established in 2023, to target minority investments in early-stage Indian startups, specifically focusing on fintech and technology-driven solutions that complement its existing banking operations.