Core Insights - Emirates NBD is establishing an investment banking franchise in India, highlighted by a $3 billion investment in a mid-sized Indian lender, aiming to capture market share in India's rapidly growing economy [1] - The investment banking arm, Emirates NBD Capital (EmCap), has applied for an investment banking license in India to enhance its advisory, equity underwriting, and debt capital markets capabilities [1][2] Group 1: Investment Plans - EmCap plans to hire around fifteen bankers in India by mid-next year, focusing on attracting talent from other international institutions [2] - The bank's recruitment strategy is driven by a rebound in dealmaking and IPOs in India, leading to increased competition for skilled professionals [3] Group 2: Market Context - Senior dealmakers in India are now earning higher salaries than those in Singapore and Hong Kong due to the competitive landscape [3] - Emirates NBD's recent announcement to acquire a majority stake in RBL Bank for approximately $3 billion marks one of the largest foreign investments in India's financial sector [3] Group 3: Strategic Location and Community - EmCap has secured office space in the Altimus tower in Worli, a key commercial area in Mumbai, to facilitate its operations [4] - The Indian expatriate community is the largest in the UAE and plays a significant role in the financial sector, which may benefit Emirates NBD's expansion efforts [5]