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RBI Approves SBI Mutual Fund’s Plan to Acquire Up to 9.99% Stake in Federal Bank
The Reserve Bank of India (RBI) has granted approval to SBI Mutual Fund to acquire an aggregate holding of up to 9.99% in Federal Bank.
This approval applies to the total shareholding or voting rights that SBI Mutual Fund can hold in Federal Bank under existing banking regulations.
The decision was communicated by Federal Bank following receipt of RBI’s approval on 30 January 2026.
RBI’s regulatory framework mandates prior approval for institutional investors, such as mutual funds, when their stake crosses certain thresholds in banks.
Any future acquisition within this 9.99% limit will need to comply with applicable guidelines under the Banking Regulation Act, RBI directions, and foreign exchange and securities laws.
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