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Yes Bank’s promoter group prepays part of outstanding NCDs

25 Sep 2019 Evaluate

Morgan Credits, part of the Promoter Group of Yes Bank, has prepaid a substantial portion of its outstanding Non-Convertible Debentures (NCDs), as a part of a significant and highly positive development. These NCDs were subscribed by various schemes of Reliance Nippon Life Asset Management Company (RNAM) and is the only borrowing of MCPL.

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.

Peers
Company Name CMP
HDFC Bank 705.00
ICICI Bank 1333.00
Axis Bank 1223.95
Kotak Mahindra Bank 416.30
Indusind Bank 882.30
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