Yes Bank has received its board's approval for increase in the limit for the FII / FPI of upto 74% of the paid up share capital of the Bank from the existing limit of 49% of the paid up share capital. In addition, the Board also approved sponsored Level I Depository Receipt (DR) issuance programme of up to 10 million DRs, with conversion of 2 equity shares to 1 DR, pursuant to the Depository Receipts Scheme, 2014 for facilitating issue of depository receipts outside India against underlying existing equity shares through a Foreign Depository through sponsored/unsponsored route.
Yes Bank’s sustainable development vision has been to ensure long term business success, by contributing towards economic and social development, a healthy environment and a stable society. The bank posted a rise of 28.07% in its net profit at Rs 550.99 crore for the quarter ended March 31, 2015 as compared to Rs 430.21 crore for the same quarter in the previous year.
