Yes Bank, private sector lender has sought for shareholders’ approval to raise $500 million for expanding its business and to increase capital to meet the Basel II norms of capital adequacy. It aims to raise additional capital by way of placement of shares with Qualified Institutional Buyers, issue of American or Global Depository Receipts or a public issue.
Earlier bank had raised equity capital three times-Rs 120 crore in December 2006 and Rs 330 crore in December 2007. In January 2010, the bank raised Rs 1,034 crore through a placement of shares to qualified institutional buyers.
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.
