Edinburg-based Royal Bank of Scotland has plans to slash its dependence on the government’s asset-protection program.

The Financial Times reported Saturday that RBS might cut the volume of potentially toxic assets under the insurance scheme from its originally planned 325 billion pounds to 300 billion pounds or even 265 billion pounds.

It may be noted here that the British government has a stake of 70 per cent in RBS. The Financial Times also reported that the lender had delayed its rights issue plan for some time.

RBS may publicize the details of the plan sometime during November.

According to analysts’ estimates RBS could slash its dependence on APS by 20 per cent.

RBS declined to comment on the report.