EconomyMonday, 2 March 2026·The Hindu
RBI approves SBI Mutual Fund’s up to 9.99% stake purchase in Bandhan Bank
The RBI approved SBI Mutual Fund to acquire up to 9.99% stake in Bandhan Bank in February 2026.
Key highlights
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.