Shares of Bandhan Bank rose nearly 2% on February 26 as the Reserve Bank of India has approved a proposal by SBI Mutual Fund to acquire an aggregate holding of up to 9.99% in Bandhan Bank, according to a regulatory filing.

Bandhan Bank informed stock exchanges that the RBI, through a letter dated February 25, 2026, accorded its approval to the fund house to acquire up to 9.99% of the paid-up share capital or voting rights in the lender.

It has also directed that the aggregate holding of SBI Mutual Fund in Bandhan Bank should not exceed 9.99% of the paid-up share capital or voting rights of the bank at any time.

Further, if the fund's aggregate holding falls below 5% at any point, prior approval of the RBI would be required to increase it to 5% or more, the filing added.