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>>Bandhan Bank’s shares rise after the RBI approves SBI Mutual Fund’s plan to acquire up to a 9.99% stake.

Bandhan Bank’s shares rise after the RBI approves SBI Mutual Fund’s plan to acquire up to a 9.99% stake.

crypthub

about 11 hours ago

Stake Acquisition Approval

The Reserve Bank of India approved SBI Mutual Fund to acquire up to 9.99% of Bandhan Bank’s paid‑up share capital. The approval was issued on February 25, 2026, after the fund submitted the required information. The RBI directed the asset manager to keep its aggregate holding within prescribed limits. This clearance follows the provisions of Regulation 30 of the SEBI LODR.

Regulatory Conditions

The approval is contingent on compliance with the Banking Regulation Act, the Foreign Exchange Management Act, SEBI rules and other applicable statutes. SBI Mutual Fund must complete the majority of the purchase within one year, or the permission will lapse. If its stake falls below 5%, a fresh RBI sanction is needed to raise it again. Ongoing adherence to all regulations is mandatory throughout the holding period.

Share Price Impact

Bandhan Bank’s stock is currently trading at ₹186, up 1.71% from the previous close of ₹182.88. Earlier in the session it touched ₹190.23, marking a rise of over 4%. The share has surged 24.82% over the past month and 11.97% in the last six months, reflecting strong market optimism.