Bandhan Bank Shares Climb 2% Following RBI Approval of SBI MF's Stake Acquisition Proposal

Bandhan Bank Share Price Rises 2% on RBI Approval for SBI Mutual Fund Acquisition

Key Highlights:

• SBI Mutual Fund has received approval from the Reserve Bank of India (RBI) to acquire up to 9.99% of the paid-up share capital or voting rights in Bandhan Bank.
• The approval was granted through a letter dated February 25, 2026, and is subject to compliance with various statutes and guidelines, including the Banking Regulation Act, 1949, and the Foreign Exchange Management Act, 1999.

Market Reaction:

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• Bandhan Bank shares closed at Rs 186.11 on February 26, a nearly 2% increase from the previous day's close.

Terms and Conditions:

• The RBI has stipulated that SBI Mutual Fund must acquire the major shareholding within one year from the date of the approval letter, failing which the approval will be cancelled.
• The fund's aggregate holding in Bandhan Bank must not exceed 9.99% of the paid-up share capital or voting rights at any time.
• Prior approval from the RBI is required if the fund's aggregate holding falls below 5% at any point, to increase it to 5% or more.