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Emirates NBD Bank P J S C traces its origins to the National Bank of Dubai (NBD), which was founded on June 19, 1963, by Sheikh Rashid bin Saeed Al Maktoum, establishing Dubai's first national bank. The current entity, Emirates NBD, was formed following the merger of the National Bank of Dubai (NBD) and Emirates Bank International (EBI) on March 6, 2007. The merged bank’s shares were officially listed on the Dubai Financial Market (DFM) on October 16, 2007. Emirates NBD Bank PJSC is a public joint-stock company and is government-owned, with its parent entity being the Investment Corporation of Dubai.

The bank is one of the largest banking groups in the Middle East and North Africa (MENAT) region by assets, with a strong international presence across 13 countries including operations in India. Emirates NBD's significance in the Indian financial system is rapidly increasing, as it operates through branches and has received in-principle approval from the Reserve Bank of India (RBI) to establish a Wholly Owned Subsidiary (WOS). Furthermore, the bank has agreed to acquire a controlling stake in India's RBL Bank Ltd., marking what is considered one of the largest foreign direct investments and cross-border acquisitions in the history of the Indian financial services sector. This move positions Emirates NBD as a key foreign investor, significantly boosting the capital and growth potential of its Indian platform and enhancing financial corridor activity between the GCC and India.