Free Newsletter Get the hottest Fintech Singapore News once a month in your InboxEmirates NBD Capital, the investment banking arm of Emirates NBD, has received regulatory approval from the Securities and Exchange Board of India (SEBI) for a Category I Merchant Banking license. The Category I license allows Emirates NBD Capital to provide a full range of capital markets services in India. The group incorporated Emirates NBD Capital India Private Limited in Mumbai. Emirates NBD Capital maintains investor relationships across sovereign wealth funds, institutional investors, family offices and ultra-high-net-worth individuals. Hitesh Asarpota, CEO of Emirates NBD Capital, said:“Securing a merchant banking license in India marks a milestone for Emirates NBD Capital and the wider Group.