Yes Bank is planning to raise $1 billion from overseas investors in the current fiscal as it has got government approval for increasing foreign investment to 74 per cent. The bank already has an enabling approval from its board of directors to raise an additional $1 billion of equity capital and it will be done in single tranche.
Yes Bank, India’s fifth largest private sector Bank, has a pan India presence across all 29 states and 7 Union Territories of India. The bank has adopted international best practices, the highest standards of service quality and operational excellence, and offers comprehensive banking and financial solutions to all its valued customers.
