SBI Mutual Fund raises Bandhan Bank bet, stake crosses 5% mark after fresh share purchase

SBI Mutual Fund has increased its holding in private sector lender Bandhan Bank, with its stake crossing the 5 per cent threshold following an additional purchase of shares from the open market, PTI reported.In a regulatory filing, Bandhan Bank said the final holding of SBI Mutual Fund, through its various schemes, stood at 8,12,46,734 shares as of the close of business on May 20, 2026.The holding represented 5.0432 per cent of the bank’s paid-up share capital.According to the filing, SBI Mutual Fund purchased an additional 16,98,478 shares through the open market on May 20. The purchase price was not disclosed.Bandhan Bank shares had closed at Rs 192.2 apiece on the BSE on May 20. On Friday, the stock was trading 1.39 per cent higher at Rs 193.80 per share.