Yes Bank, the country’s fifth largest private sector bank, has decided to raise $1 billion (about Rs 6,400 crore) by fresh equity and Rs 10,000 crore through Non Convertible Debentures (NCDs) and bonds. The bank's shareholders, at its Annual General Meeting (AGM) on June 6, 2015, also approved an increase in its borrowing limit to Rs 50,000 crore, as also hiking the combined investment limit for FPIs and FIIs to 74%.
The bank has 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. Total income of the bank has increased by 22.08% at Rs 3678.83 crore for quarter under review as compared to Rs 3013.57 crore for the quarter ended March 31, 2014.
