RBI approves SBI Mutual Fund to acquire 10% stake in RBL Bank
February 25, 2026
The Reserve Bank of India has approved SBI Mutual Fund to acquire up to 9.99% of the paid-up share capital or voting rights in RBL Bank within one year, subject to regulatory conditions. SBI Mutual Fund currently holds 1.88% in the bank and must ensure its stake does not exceed 9.99%, with prior RBI approval required if it seeks to raise its holding to 5% or more after falling below that level.
Shares of RBL Bank Ltd ended at ₹329.65, up by ₹4.35, or 1.34%, on the BSE.
Private sector lender RBL Bank Ltd on Wednesday (February 25) said the Reserve Bank of India (RBI), through its letter dated February 25, 2026, has approved SBI Mutual Fund to acquire an aggregate holding of up to 9.99% of the paid-up share capital or voting rights in the bank.
The approval was received by the bank via email on February 25, 2026. As per the RBI letter, SBI Mutual Fund has been permitted to acquire the major shareholding within one year from the date of the letter and must ensure that its aggregate holding does not exceed 9.99% of the paid-up share capital or voting rights of the bank at any time.
"We wish to inform you that the Reserve Bank of India (“RBI”) vide its letter dated February 25, 2026, as received by the Bank vide email on February 25, 2026 (“RBI Letter”), has accorded 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 Limited," according to a stock exchange filing.
Also Read: RBL Bank shares remain in focus on three important triggers
If its aggregate holding falls below 5% at any point, prior RBI approval will be required to increase the stake to 5% or more. SBI Mutual Fund held 1.88% of the equity share capital of RBL Bank as of February 20, 2026. The approval has been granted with reference to the application made by SBI Mutual Fund and is subject to conditions specified in the RBI letter.
Third Quarter Results
Its net profit of ₹214 crore was lower than Street estimates of ₹265 crore. In the third quarter last year, its net profit had come in at ₹33 crore. The lender's net interest income of ₹1,657.2 crore was higher than the CNBC-TV18 poll's ₹1,640 crore. It was also 4.5% more than the previous year's ₹1,585 crore.
RBL Bank's net non-performing assets (NPA) declined to ₹567 crore in the December quarter from ₹572.4 crore in the previous quarter, with its net NPA margin contracting to 0.55% from 0.57% sequentially.
Shares of RBL Bank Ltd ended at ₹329.65, up by ₹4.35, or 1.34%, on the BSE.
Also Read: RBL Bank share price target, earnings estimates raised by analysts after mega Emirates deal
(Edited by : Jomy Jos Pullokaran )
Private sector lender RBL Bank Ltd on Wednesday (February 25) said the Reserve Bank of India (RBI), through its letter dated February 25, 2026, has approved SBI Mutual Fund to acquire an aggregate holding of up to 9.99% of the paid-up share capital or voting rights in the bank.
The approval was received by the bank via email on February 25, 2026. As per the RBI letter, SBI Mutual Fund has been permitted to acquire the major shareholding within one year from the date of the letter and must ensure that its aggregate holding does not exceed 9.99% of the paid-up share capital or voting rights of the bank at any time.
"We wish to inform you that the Reserve Bank of India (“RBI”) vide its letter dated February 25, 2026, as received by the Bank vide email on February 25, 2026 (“RBI Letter”), has accorded 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 Limited," according to a stock exchange filing.
Also Read: RBL Bank shares remain in focus on three important triggers
If its aggregate holding falls below 5% at any point, prior RBI approval will be required to increase the stake to 5% or more. SBI Mutual Fund held 1.88% of the equity share capital of RBL Bank as of February 20, 2026. The approval has been granted with reference to the application made by SBI Mutual Fund and is subject to conditions specified in the RBI letter.
Third Quarter Results
Its net profit of ₹214 crore was lower than Street estimates of ₹265 crore. In the third quarter last year, its net profit had come in at ₹33 crore. The lender's net interest income of ₹1,657.2 crore was higher than the CNBC-TV18 poll's ₹1,640 crore. It was also 4.5% more than the previous year's ₹1,585 crore.
RBL Bank's net non-performing assets (NPA) declined to ₹567 crore in the December quarter from ₹572.4 crore in the previous quarter, with its net NPA margin contracting to 0.55% from 0.57% sequentially.
Shares of RBL Bank Ltd ended at ₹329.65, up by ₹4.35, or 1.34%, on the BSE.
Also Read: RBL Bank share price target, earnings estimates raised by analysts after mega Emirates deal
(Edited by : Jomy Jos Pullokaran )