Bandhan Bank Limited has informed the Exchange about Approval granted by the RBI to SBI Mutual Fund to acquire aggregate holding of up to 9.99% of the paid-up share capital or voting rights in Bandhan Bank.
BANDHANBNK · price
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On the reaction day the stock moved 1.7 pts more than Nifty Smallcap 250 and 1.8 pts more than its Private Sector Bank peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Bandhan Bank has disclosed that the Reserve Bank of India (RBI) has approved SBI Mutual Fund to acquire an aggregate holding of up to 9.99% of the bank's paid-up share capital or voting rights. The approval was granted on February 25, 2026, and is valid for one year, after which it lapses if the major shareholding is not acquired. The approval is subject to compliance with the Banking Regulation Act, RBI's 2025 directions on bank shareholding, FEMA, and SEBI regulations. SBI MF must ensure its holding stays at or below 9.99% at all times, and if it falls below 5%, fresh RBI approval is needed to raise it back to 5% or more.
A large domestic institutional investor like SBI Mutual Fund getting RBI clearance to hold nearly 10% in Bandhan Bank is a positive signal of institutional confidence in the bank, and could support share price via potential index fund/ETF inflows and improved liquidity.