InvestorQ : How does the latest round of Rs.15,000 crore funding change the fortunes of Yes Bank and is the stock a good buy?
Archita Jajjoo made post

How does the latest round of Rs.15,000 crore funding change the fortunes of Yes Bank and is the stock a good buy?

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Roshni Hegde answered.
1 year ago
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The board members of Yes Bank approved the fundraising plan worth Rs. 5000 crore. After the declaration, a positive movement was seen in the bank's stock. It surged by 25%. The meeting concluded with the decision of limitation on fundraising i.e. Rs. 15000 crore.
Thus, in my view, it can be a good time to book profit for those who are holding shares. And since the bank is recovering at full swing investment in this stock can be a good choice but with a long term perspective only.
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Rashi Mehra answered.
1 year ago
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Let me clarify that Rs.15,000 crore is the fund raising that the bank will be doing. Of that Rs.10,000 crore has already been brought in by a bankers consortium led by SBI. Now Yes Bank will only be raising the balance Rs.5,000 crore through the market route. Rating agencies have hinted that even as the bank has been rescued, it may need another Rs.10,000 crore by next year to meet the CET requirements. Loan book growth may be tardy due to the aftermath of the Coronavirus syndrome.

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