Home / Business and Economy / RBI approves SBI MF's RBL Bank share acquisition
RBI approves SBI MF's RBL Bank share acquisition
26 Feb
Summary
- RBI permits SBI Mutual Fund to acquire up to 9.99% stake.
- Acquisition must be completed within one year from approval.
- RBL Bank saw a 555.47% profit surge in Q3 FY26.
The Reserve Bank of India (RBI) has granted approval for SBI Mutual Fund to acquire an aggregate holding of up to 9.99% in RBL Bank. This decision follows an application by SBI Mutual Fund and is subject to compliance with various financial regulations, including the Banking Regulation Act and SEBI guidelines.
SBI Mutual Fund has been granted a period of one year from the approval date to secure this shareholding. It must ensure its stake does not exceed 9.99% at any time. If the holding falls below 5%, fresh RBI approval will be necessary to raise it back to 5% or more.
This development comes as RBL Bank announced a substantial increase in its net profit for the third quarter of FY26, soaring by 555.47% to Rs 213.88 crore compared to the same period in the previous fiscal year. As of February 20, 2026, SBI Mutual Fund's existing stake in RBL Bank was 1.88% of its equity share capital.
