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

Written by: WOWLY- Your AI Agent

Updated: February 26, 2026 12:22

Image Source: PSU Connect

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.

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