SBI Mutual Fund received RBI approval to acquire up to 9.99% stake in

. The approval is subject to applicable regulations and lapses if the stake isn't acquired within a year. As of December 2025, promoters held 40% and mutual funds 11.79% of the bank's outstanding equity. It added that the approval will lapse if SBI Mutual Fund does not complete the majority of the stake acquisition within one year. The RBI also clarified that the fund’s total holding must not exceed 9.99% at any time. Additionally, if the stake drops below 5%, SBI Mutual Fund will need fresh RBI approval to raise it back to 5% or more. Please note that the information shared is intended solely for informational purposes and does not make any investment recommendations.