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Thursday, March 2, 2023

SBI may look to cut Yes Bank stake once lock-in ends

SBI, India's largest bank, 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. SBI held a 26.14% stake in Yes Bank as of December 31, stock exchange data showed, and is the largest single shareholder in the rescued lender

from Banking/Finance-Industry-Economic Times https://ift.tt/Bt6EUI4

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