MoneyWorks4Me

YES Bank to raise quasi-capital of Rs 750 crore

22 Jun 2012 Evaluate

YES Bank, private sector lender is likely to raise quasi-capital (tier-II) of Rs 750 crore from the domestic market between now and December-end. It also aims to raise primary equity of $300-400 million in 2013 through the Global Depository Receipt (GDR) or Qualified Institutional Placement (QIP) route. Bank’s capital-adequacy ratio stood at 17.96% at March-end this year against 16.5% reported a year earlier.

Bank offers a full-range of client-focused corporate banking services, including working capital finance, specialized corporate finance, trade and transactional services, treasury risk management services, investment banking solutions and liquidity management solutions among others to a highly focused client base.

Peers
Company Name CMP
HDFC Bank 719.35
ICICI Bank 1305.50
Axis Bank 1214.00
Kotak Mahindra Bank 419.80
Indusind Bank 880.00
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