Rabobank is said to be planning of selling its stake in Indian private sector bank, Yes Bank. It currently has 15.9 per cent stake in it.

Rabobank, which is Netherlands based, is planning for the exit strategy since it wants to open its own branch in the country. Till now, it was hoping to grab a piece of the Indian banking sector through the partnership but has since felt that it is not getting enough out of the partnership.

Because of this, the 110 year old bank which is also into the business of dealing with agriculture, decided to go solo.

Also, the Indian regulations say that for a foreign entity to open its branch in India it needs to have some stake in domestic bank.

Besides this, Rabobank is also working in the industry through its non-banking financial company (NBFC), Rabo India Finance ltd.

At the beginning, Rabo had 20 per cent stake in Yes Bank that later fell down to 15.9 per cent and as per the current plans, it will fall down even more.

No comments were given by either of the parties.