Mumbai, March 17 (TIWN): State Bank of India Chairman Rajnish Kumar on Tuesday said that the state-run bank will not sell any of its shares in the crisis-hit Yes Bank in the next three years.

The SBI has been allotted 605 crore shares in Yes Bank for an investment of Rs 6,050 crore and would be the largest shareholder in the restructured bank with a stake of 49 per cent.  Its statement gains significance as the reconstruction plan for Yes Bank said that the largest public sector bank will have to hold at least 26 per cent stake for the next three years. Concerns of a possible profiteering by the investing banks have arisen as the prevailing share price of Yes Bank is nearly six times the price at which the domestic banks have subscribed to its shares. Yes Bank shares closed at Rs 58.65 a piece on BSE on Tuesday.