Bandhan Bank informed the stock exchanges that the central bank, through a letter dated February 25, 2026, granted approval to the fund house to acquire up to 9.99 per cent of the paid-up share capital or voting rights in the lender.
Approval Subject to Regulatory Compliance
The approval is subject to compliance with provisions under the Banking Regulation Act, 1949, the Reserve Bank of India Commercial Banks Acquisition and Holding of Shares or Voting Rights Directions, 2025 dated November 28, 2025, as amended from time to time, the Foreign Exchange Management Act, 1999, and regulations issued by the Securities and Exchange Board of India, along with other applicable statutes and guidelines.
The central bank has specified that if SBI Mutual Fund fails to acquire the major shareholding within one year from the date of its approval letter, the permission will stand cancelled.
Conditions on Shareholding Threshold
The RBI has also directed that the aggregate holding of SBI Mutual Fund in Bandhan Bank must not exceed 9.99 per cent of the paid-up share capital or voting rights at any time.
Further, if the fund’s aggregate holding falls below 5 per cent at any stage, prior approval from the Reserve Bank of India would be required before increasing the stake to 5 per cent or more, the filing added.
Bandhan Bank Share Price
Shares of Bandhan Bank closed 1.77 per cent higher at Rs 186.11 on the National Stock Exchange of India on Thursday.
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