RBI approves SBI Mutual Fund’s up to 9.99% stake purchase in Bandhan Bank

Direct fact

In February 2026, the Reserve Bank of India approved SBI Mutual Fund’s proposal to acquire up to 9.99% stake in Bandhan Bank through its various schemes.

Key specifics

• The approval cap is 9.99% of Bandhan Bank’s shareholding.
• The buyer is SBI Mutual Fund, acting through its various schemes.
• The approval was issued by the Reserve Bank of India (RBI).
• Bandhan Bank is described as a microfinance-turned-universal bank.
• The move is expected to support capital-raising and expansion plans.

Exam lens

Banking and economy MCQ focus: RBI, SBI Mutual Fund, 9.99%, Bandhan Bank, February 2026. TNPSC may ask the regulator and the stake limit approved.