New Delhi, May 22 -- India's biggest mutual fund house by assets under management (AUM), SBI Mutual Fund, raised its stake in private sector lender Bandhan Bank via open market purchases, taking its holding past the 5% mark.

According to an exchange filing, SBI Mutual Fund picked 16,98,478 shares or a 0.1054% stake in Bandhan Bank on 20 May, raising its holding to 8,12,46,734 shares or 5.0432%. Before the purchase, SBI Mutual Fund held 7,95,48,256 shares or a 4.9378% stake.

"We wish to inform you that SBI Mutual Fund under its various schemes has acquired 16.98,478 shares of your Company on May 20, 2026, resulting to acquisition of above 5% of the paid-up share capital of your Company. Pursuant to Regulation 29(1) of SEBI (Substantial A...