Federal Bank has received approval from the Reserve Bank of India (RBI) for SBI Mutual Fund to acquire an aggregate holding of up to 9.99% of the paid-up share capital or voting rights of the Bank. The approval was granted on January 30, 2026 and is subject to certain conditions.
RBI Approves Stake Acquisition
The Reserve Bank of India (RBI) has granted its approval to SBI Mutual Fund, allowing it to acquire an aggregate holding in Federal Bank.
Permitted Stake
SBI Mutual Fund is now permitted to acquire up to 9.99% of the paid-up share capital or voting rights of Federal Bank. The approval was received on January 30, 2026.
Conditions Apply
It is important to note that this approval is subject to certain conditions as specified by the RBI.
Source: BSE
