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State Bank of India may look to lower its stake in Yes Bank after a lock-in period ends on March 6 which was put in place by the central bank as a part of the lender's restructuring, two sources told Reuters.
SBI does not want to permanently retain a stake in Yes Bank and would want to trim its holdings, albeit in phases, one of the sources told Reuters on condition of anonymity.
Also read: Why SBI Savings is a safe fund for short and medium term
"The percentage of equity dilution that the bank intends to do will have to be placed before the RBI (Reserve Bank of India) in due course."
SBI held a 26.14 per cent stake in Yes Bank as of December 31, stock exchange data showed, and is the largest single shareholder in the rescued lender.
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