RBL Bank Ltd on Wednesday (February 25) said Reserve Bank of India (RBI) has approved SBI Mutual Fund to acquire up to 9.99% stake in the bank, subject to specified conditions. The approval, granted via letter dated February 25, 2026, allows the fund one year to complete the acquisition. The development comes alongside the bank’s December quarter earnings, where profit missed estimates despite steady asset quality improvement.
RBI Approval Details
Particulars
Details
Approving Authority
Reserve Bank of India
Applicant
SBI Mutual Fund
Target
RBL Bank Ltd
Approved Holding
Up to 9.99% of paid-up share capital or voting rights
Approval Date
February 25, 2026
Mode of Receipt
Email
Time Limit for Acquisition
Within one year from RBI letter date
Key Condition
Holding must not exceed 9.99% at any time
Additional Clause
If holding falls below 5%, prior RBI approval required to raise stake to 5% or more
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