Reserve Bank of India (RBI) approves SBI Mutual Fund to acquire up to 9.99% stake in Bandhan Bank.

Exam-focused facts from the 2 March 2026 current affairs briefing.

Key facts

Reserve Bank of India (RBI) approved SBI Mutual Fund’s proposal to acquire up to 9.99% of the paid-up share capital or voting rights in Bandhan Bank.
RBI communicated the approval through a letter dated 25 February 2026.
The approval is subject to compliance with the Banking Regulation Act, 1949; RBI (Commercial Banks’ Acquisition and Holding of Shares or Voting Rights) Directions, 2025 dated 28 November 2025; Foreign Exchange Management Act, 1999; and Securities and Exchange Board of India regulations.
If SBI Mutual Fund fails to acquire the major shareholding within one year from RBI’s letter date, the approval will stand cancelled.
SBI Mutual Fund’s aggregate holding must not exceed 9.99% of Bandhan Bank’s paid-up share capital or voting rights at any time.
If SBI Mutual Fund’s aggregate holding falls below 5%, prior RBI approval is required to raise it back to 5% or more.
Bandhan Bank shares closed 1.77% higher at ₹186.11 on NSE on Thursday.