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Informist, Wednesday, Feb. 25, 2026

--SBI MF gets RBI nod to buy up to 9.99% aggregate holding in RBL Bank 

NEW DELHI – The Reserve Bank of India has given its approval to SBI Mutual Fund to acquire "aggregate holding" of up to 9.99% of the paid-up share capital or voting rights in RBL Bank Ltd., the lender said in an exchange filing.

"As per the RBI Letter, SBI Mutual Fund have been accorded the approval to acquire the aforesaid major shareholding in the Bank within a period of one year from the date of RBI Letter, and to ensure that the aggregate holding in the Bank does not exceed 9.99% of the paid-up share capital or voting rights of the Bank, at all times," the bank said Wednesday. 

If the aggregate holding of SBI Mutual Fund falls below 5% at any point of time, the RBI's prior approval will be required to increase it to 5% or more of the paid-up share capital or voting rights of the bank, RBL Bank said. As of Friday, SBI Mutual Fund held 1.88% of the bank's equity share capital.

RBL Bank's net profit for the December quarter rose more than six times on year to INR 2.14 billion. Its shares closed 1.2% higher at INR 329.80 on the National Stock Exchange Wednesday.  End

Reported by Priyasmita Dutta

Edited by Rajeev Pai

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