The share price of the Kolkata-based Bandhan Bank is seeing bullish sentiment in the equities market.
SBI Mutual Fund to Acquire Up to 9.99% Stake
The stock continues to climb as the Reserve Bank of India gave its approval to the private asset management company SBI Mutual Fund to acquire a sizable stake in Bandhan Bank.
In an exchange filing, Bandhan Bank said that the RBI green-lighted the significant shareholding acquisition by SBI Mutual Fund on February 25 and that the central bank directed the asset manager to ensure that its aggregate holding is within limits.
“Pursuant to the provisions of Regulation 30 of the SEBI LODR, please be informed that Reserve Bank of India (RBI) vide its letter dated February 25, 2026, accorded its approval to SBI Mutual Fund (‘applicant’) to acquire “aggregate holding” of up to 9.99% of the paid-up share capital or voting rights in Bandhan Bank Limited (‘the Bank’),” the filing stated. “The approval has been accorded pursuant to the information furnished by the applicant to the RBI.”
The filing said that the approval is subject to compliance with the provisions of the Banking Regulation Act, the Foreign Exchange Management Act, the Securities and Exchange Board of India regulations and other applicable statutes, regulations and guidelines.
The approval will likewise lapse if SBI Mutual Fund fails to complete the majority of the stake acquisition within a period of one year. Should the stake drop below 5%, the asset manager will need a new approval from the RBI to increase it to 5% or more.
Bandhan Bank Share Price
Bandhan Bank’s stock is currently trading for ₹186.00, up by 1.71% from the previous close of ₹182.88. Earlier today, the price hit ₹190.23, representing an increase of over 4%.
Bandhan Bank’s share is also up by 24.82% over the past month and by 11.97% over the past six months.
Source: https://coinpaper.com/14945/bandhan-bank-share-price-climbs-as-sbi-mutual-fund-gets-rbi-approval-to-acquire-up-to-9-99-stake
