Quant Money Managers has secured approval from the banking regulator to increase its stake in RBL Bank up to 9.98% of the paid-up share capital or voting rights by May 12, 2025. This approval allows the acquisition through various schemes of Quant Mutual Fund, a subsidiary of the investment management firm. Currently holding 4.68% of RBL Bank’s equity share capital, Quant Money aims to expand its position subject to regulatory conditions, including compliance with relevant banking laws and regulations.