India’s banking regulator has approved SBI Mutual Fund’s proposal to acquire a stake in Bandhan Bank, marking an important regulatory milestone for both institutions. The clearance from the Reserve Bank of India (RBI) allows the country’s largest mutual fund house to deepen its exposure to the private banking space. The move is being closely watched by investors, as it reflects growing institutional confidence in Bandhan Bank’s long-term fundamentals amid ongoing efforts to strengthen governance, asset quality and growth prospects.