Private lender-YES Bank-has raised Rs 380 crore in debt from International Finance Corp (IFC) and revived its $400 million worth share sale plan in the European markets on account of improved market condition there. The bank in its next board meeting, scheduled in April, will take an enabling provision to raise equity capital of about $400 million through issue of global depository receipts (GRDs) and qualified institutional placement (QIP).
The bank aims to grow its balance sheet to Rs 150,000 crore with advances at Rs 100,000 crore and deposits of Rs 125,000 crore by March 2015. Moreover, on the cards is a pan-India branch network of 750 and a workforce of Rs 12,000.
