InvestorQ : Has Yes Bank been able to raise the funds that it was trying? What is the future of Yes Bank?
prachi Patwardhan made post

Has Yes Bank been able to raise the funds that it was trying? What is the future of Yes Bank?

Answer
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8 months ago


The future of Yes Bank largely depends on its ability to raise funds. In the past, the bank had stated that it planned to raise $2 billion but there was no concrete offer from any of the investors. Now, the bank has come up with a slightly more concrete proposal where it has picked Cantor Fitzgerald, IDFC Securities and Ambit to help the bank raise the capital as a buffer. In the last year, the bank has lost more than 80% of its market value and urgently needs to raise to raise equity to bolster up its Tier 1 core capital well above the statutory 8% mark. Cantor is currently headed by Anshu Jain, former Deutsche Bank chief; which is the bank from where Ravneet Gill of Yes Bank also comes.


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Praful Sarang answered.
8 months ago


If the management of the bank becomes good then there are chances of positive trend, as now bank is having huge NPAs they have to work on it and have a proper CRM team.