Yes Bank has raised Rs 1930 crore through the Qualified Institution Placement (QIP) route. The QIP opened on August 08, 2019 and closed on August 14, 2019. The Bank allotted 23.1 crore equity shares of face value of Rs 2 each to eligible qualified institutional buyers (QIBs) at Rs 83.55 per equity share.
The QIP increases the Bank’s total Capital Adequacy Ratio to 16.2%, Tier I Ratio to 11.3% and Core Equity Tier I Ratio to 8.6%, ensuring that the Bank remains capitalized well above the regulatory limits.
Yes Bank is engaged in providing banking services, including corporate and institutional banking, financial markets, investment banking, corporate finance, branch banking, business and transaction banking, and wealth management.
