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Yes Bank may raise Rs 2000 -3000 crore post relaxation of overseas window

06 Sep 2013 Evaluate

Yes Bank, the country’s private sector bank, is mulling raising Rs 2000 -3000 crore post relaxation of overseas window. Besides, the bank is also targeting to raise $50-10 million of FCNR deposits over next few months. These plans come on the heels of RBI’s recent measures to support the ailing currency and liberalizing markets.

Obliging the bank, the central bank’s new governor decided to raise the current overseas borrowing limit to 100% of the unimpaired Tier I capital as against 50% earlier and mobilize the borrowings under this provision to be swapped with Reserve Bank of India at the option of the bank at a concessional rate of 100 basis points, below the ongoing swap rate prevailing in the market. Further, the central bank also has decided to offer special concessional window to bank for swapping FCNR dollar funds, mobilized for a minimum tenor of three years and over, at a fixed rate of 3.5% per annum for the tenor of the deposit.

Meanwhile, the bank has also not ruled out case for one more base hike if the rates remain higher. The bank, recently in August revised its Base Rate to 10.75% per annum an increase of 25 basis points (bps) with effective from August 01, 2013.

Yes Bank Share Price

19.83 -0.37 (-1.83%)
20-Apr-2026 15:19 View Price Chart
Peers
Company Name CMP
HDFC Bank 795.00
ICICI Bank 1354.00
Axis Bank 1352.00
Kotak Mahindra Bank 378.75
Indusind Bank 851.35
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