As of December, 2025, mutual funds collectively owned 11.79 per cent of the bank
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The Reserve Bank of India has accorded its approval to SBI Mutual Fund to acquire up to 9.99 per cent in the private sector lender Bandhan Bank.
The approval has been given pursuant to the information furnished by the fund house to the RBI, Bandhan Bank said in a stock exchange filing on Thursday.
“Reserve Bank of India vide its letter dated February 25, 2026, accorded its approval to SBI Mutual Fund to acquire “aggregate holding” of up to 9.99 per cent of the paid-up share capital or voting rights in Bandhan Bank,” it said.
According to the filing, the approval granted by RBI is subject to compliance with the relevant provisions of different acts. “The RBI has also conveyed that if the applicant fails to acquire major shareholding within a period of one year from the date of its letter, this approval shall stand cancelled. The applicant has also been advised to ensure that their “aggregate holding” in the bank does not exceed 9.99 per cent of the paid-up share capital or voting rights of the bank, at all times,” it said.
If the “aggregate holding” of SBI Mutual Fund falls below 5 per cent at any point of time, prior approval of the RBI will be required to increase it to 5 per cent or more of the paid-up share capital or voting rights of the Kolkata-based lender.
As of December, 2025, mutual funds collectively owned 11.79 per cent of the bank. Among individual mutual fund schemes, SBI Balanced Advantage Fund, part of SBI MF, held a 3.45 per cent stake in Bandhan Bank at the end of third quarter this fiscal.
On Thursday, Bandhan Bank scrip ended the day at ₹186.10 apiece on BSE, up 1.81 per cent from the previous close.
Published on February 26, 2026
