RBI Nod for SBI Mutual Fund: 9.99% Stake in Bandhan Bank
Why in the news
The Reserve Bank of India gave SBI Mutual Fund permission to purchase a stake of as much as 9.99% in Bandhan Bank.
Key facts
- Permission was conveyed in an RBI letter of 25 February 2026.
- The cap is 9.99% of Bandhan Bank’s paid-up capital or voting rights.
- Several regulatory frameworks must be followed.
Conditions
| Framework to comply with |
|---|
| Banking Regulation Act, 1949 |
| RBI directions of 2025 on acquiring and holding shares or voting rights in commercial banks |
| FEMA, 1999 |
| SEBI regulations and other applicable laws |
Exam angle
- Buyer: SBI Mutual Fund; target: Bandhan Bank.
- Limit: 9.99%; approver: RBI.