State Bank of India may look to lower its stake in Yes Bank Ltd after the lock-in period ends on March 6, which was put in place by Reserve Bank of India as part of the lender’s restructuring, said a report on Thursday. SBI’s decision is likely to come at a time when Yes Bank’s financials have improved in the last few quarters and private equity majors Carlyle Group and Advent have picked up 9.99 per cent stake in the bank.
“SBI does not want to permanently retain a stake in Yes Bank and would want to trim its holdings, albeit in phases,” sources told Reuters on condition of anonymity.
