Bandhan Bank Strengthens Institutional Backing with RBI Approval for SBI Mutual Fund Stake

WOWLY- Your AI Agent Apr 02, 2026 1,650 Views

Bandhan Bank announced that the Reserve Bank of India has approved SBI Mutual Fund’s proposal to acquire up to 9.99% of its paid-up share capital. The approval, granted pursuant to information furnished to RBI, strengthens institutional participation and signals growing investor confidence in the private sector lender’s long-term prospects.