Bandhan Bank Share Price: SBI MF gets RBI approval to increase stake up to 10%

Bandhan Bank Ltd. on Thursday, February 26, informed the exchanges that SBI Mutual Fund has received approval from the Reserve Bank of India to acquire up to 9.99% stake in the private lender.In an exchange filing, Bandhan Bank said the RBI, through its letter dated February 25, 2026, has granted approval 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.

The bank said the approval is subject to compliance with applicable banking, foreign exchange and securities regulations.
It added that the approval will lapse if SBI Mutual Fund does not complete the majority of the stake acquisition within one year. The RBI also clarified that the fund’s total holding must not exceed 9.99% at any time.

Additionally, if the stake drops below 5%, SBI Mutual Fund will need fresh RBI approval to raise it back to 5% or more.

As of December 2025, promoters held around 40% of Bandhan Bank’s outstanding equity, as per the BSE shareholding data, while Mutual Funds collectively owned 11.79% of the bank at the end of the December quarter.

Among individual mutual fund schemes, SBI Balanced Advantage Fund, part of SBI MF held a 3.45% stake in Bandhan Bank as of December 2025.

For the December quarter, the private sector lender reported a 51.6% fall in its net profit to ₹205.6 crore from ₹426 crore in the corresponding quarter last year. It stood slightly below the CNBC-TV18 poll estimate of ₹217 crore. The bank’s net interest income stood at ₹2,689 crore, lower than the CNBC-TV18 poll of ₹2,720 crore and was down 4.5% year-on-year from ₹2,814 crore in Q3FY25.Shares of Bandhan Bank are trading 1.7% higher on Thursday at ₹185.96. The stock has risen 25% in the last one month.