Yes Bank, India’s fourth largest private sector Bank, has received its shareholders' nod for raising around Rs 20,000 crore through issuance of non-convertible debentures (NCDs) on private placement basis. The bank's shareholders, at its Annual General Meeting (AGM) on June 6, 2017, have also approved an increase in its borrowing limit to Rs 70,000 crore from Rs 50,000 crore.
The Bank has posted a rise of 30.20% in its net profit at Rs 914.12 crore for the quarter ended March 31, 2017 as compared to Rs 702.11 crore for the same quarter in the previous year. Total income of the Bank increased by 29.44% at Rs 5606.38 crore for quarter under review as compared to Rs 4331.11 crore for the quarter ended March 31, 2016.