Bandhan Bank Share Price Gains After RBI Approves SBI Mutual Fund To Acquire Up To 9.99% Stake

Bandhan Bank stocks registered modest gains during trade on Thursday after the Bank disclosed that the Reserve Bank of India (RBI) approved SBI Mutual Fund’s proposal to acquire an aggregate holding of up to 9.99% of the bank’s paid-up share capital or voting rights.

RBI Grants Approval For Up To 9.99% Aggregate Holding

In a filing to the stock exchanges under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the bank said the RBI had accorded approval to SBI Mutual Fund to acquire “aggregate holding” of up to 9.99% in Bandhan Bank Limited.

The approval, as per the RBI’s letter dated February 25, 2026, has been granted based on information furnished by the applicant. It is subject to compliance with the Banking Regulation Act, 1949, the Reserve Bank of India (Commercial Banks – Acquisition and Holding of Shares or Voting Rights) Directions, 2025 dated 28 November 2025 (as amended), the Foreign Exchange Management Act, 1999, and other applicable statutes and regulations.

The central bank has stipulated that if the applicant fails to acquire the major shareholding within one year from the date of its letter, the approval will stand cancelled. Additionally, SBI Mutual Fund has been advised to ensure that its aggregate holding does not exceed 9.99% of the paid-up share capital or voting rights of the bank at any time.

The RBI further conveyed that if the applicant’s holding falls below 5% at any point, prior approval of the central bank would be required to increase the stake back to 5% or more.

The disclosure was signed by Indranil Banerjee, Company Secretary, and was simultaneously uploaded on the bank’s website.

Stock Market Snapshot

Bandhan Bank share price were trading at ₹185.29 apiece on the National Stock Exchange, up ₹2.41 or 1.32% for the day, as of 12:46 pm IST on 26 February 2026.

The stock opened at ₹183.00 and touched a high of ₹190.23 and a low of ₹182.78 so far, according to exchange data. The previous close stood at ₹182.88.

At the prevailing price, the bank’s market capitalisation was approximately ₹30.11K crore. The stock’s 52-week high and low were ₹192.48 and ₹134.06, respectively.

Company Background

Bandhan Bank Limited is a private sector lender headquartered in Kolkata. The bank offers retail banking, microfinance, MSME lending and other financial services across India.

It operates through a network of branches and banking outlets spanning multiple states and union territories. The bank is listed on both BSE (Scrip Code: 541153) and NSE (Symbol: BANDHANBNK).

Conclusion

The RBI’s approval enables SBI Mutual Fund to build a holding of up to 9.99% in Bandhan Bank, subject to regulatory conditions and timelines. The development was reflected in the bank’s share price movement during Thursday’s session, with the stock trading higher in midday deals.

Source: https://nsearchives.nseindia.com/corporate/BANDHANBNK_26022026120418_SE_Disclosure_RBI_Approval_SBI_MF_Acquisition_26022026_sd.pdf