Yes Bank, country’s fourth largest private sector bank, is planning to raise $500 million incremental capital during the current year. The bank aims to raise this capital during the current year, potentially through GDRs, in combination with a QIP and Domestic Institutional Investors (DII), in order to ensure fullest and widest participation of all investor classes.
This would be in accordance with the bank’s financial strategy to broad based and diversify its capital sources across all investor classes and deepen the shareholder register. The bank in its 9th Annual General Meeting (AGM) held on June 8,2013, decided the same.
Yes Bank has adopted international best practices, the highest standards of service quality and operational excellence, and offers comprehensive banking and financial solutions to all its valued customers. The bank has a knowledge driven approach to banking, and a superior customer experience for its retail, corporate and emerging corporate banking clients.
