The Reserve Bank of India (RBI) has approved the acquisition of up to 9.95% of Bandhan Bank’s paid-up share capital or voting rights. The approval was granted to ICICI Prudential Asset Management Company Limited, along with associated group entities of ICICI Bank Limited. This permission is contingent upon adherence to various banking and regulatory guidelines, including a one-year deadline for acquiring the major shareholding.
Regulatory Approval for Share Acquisition
Bandhan Bank Limited hereby informs the stock exchanges regarding an important regulatory development concerning its shareholding structure. The Reserve Bank of India (RBI), through a letter dated February 10, 2026, has granted approval for the acquisition of a substantial stake in the Bank.
Key Stakeholders and Limits
The approval allows ICICI Prudential Asset Management Company Limited, acting in concert with group entities of ICICI Bank Limited, to acquire an ‘aggregate holding’ of up to 9.95% of the Bank’s paid-up share capital or voting rights. This approval is based on the information provided by the applicant entity to the RBI.
Compliance and Conditions
This authorization is strictly subject to compliance with several key regulations, including the Banking Regulation Act, 1949, and the directions concerning the Acquisition and Holding of Shares or Voting Rights issued by the RBI. Furthermore, the RBI has mandated two critical conditions:
- The applicant must acquire the major shareholding within a period of one year from the date of the approval letter, failing which the approval will be cancelled.
- The final ‘aggregate holding’ by the ICICI group entities must not exceed 9.95% at any time.
A related condition specifies that should the aggregate holding of the applicant and its group entities fall below 5% at any point, prior RBI approval will be mandatory before they can increase their holding back to 5% or more of the paid-up share capital.
Disclosure Confirmation
This disclosure, made pursuant to the applicable regulations, has been simultaneously uploaded on the Bank’s official website, www.bandhan.bank.in, as of the announcement date, February 11, 2026.
Source: BSE
