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 Acquisition of Shares & Takeovers) Regulations, 2011, please find enclosed the report detailing our holding in your Company," said SBI Mutual Fund.
Bandhan Bank share price trend
Shares of Bandhan Bank have remained in a positive trajectory in the near term. They have risen 10.5% in a month, and 14% in three months and a whopping 35% on a year-to-date (YTD) basis. Meanwhile, the stock is up 18% in a year.
On a longer time frame of three years, Bandhan Bank stock has lost 20% in three years and 35% in five years.
Bandhan Bank earnings
The company had posted a strong set of earnings for the fourth quarter of the financial year 2025-26 (FY26). The Q4 PAT jumped 68% year-on-year (YoY) and 159% quarter-on-quarter (QoQ) to ₹530 crore, and the net interest income (NII) was higher by 1.4% YoY and 4% QoQ to ₹2800 crore.
Overall revenue was higher by 3.2% YoY and 5.5% QoQ to ₹3,570 crore. Meanwhile, the operating profit declined 8.3% YoY and 0.3% QoQ.
The bank's asset quality also improved significantly, with gross NPA declining to 3.3% from 4.7% a year ago, while net NPA fell to 1% from 1.3%.
Lower slippages and improved recoveries reduced incremental stress, aiding profitability despite provisions of ₹677 crore during the quarter.
"We will continue to pursue customer-centric, digital-led growth by enhancing distribution channels, expanding our product suite, and leveraging data-driven insights to deliver sustainable, risk-adjusted growth," Bandhan Bank MD & CEO Partha Pratim Sengupta said.
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