InvestorQ : Is Yes Bank planning to substantially expand its capital base and how do you expect the response to be?
Khushi Patel made post

Is Yes Bank planning to substantially expand its capital base and how do you expect the response to be?

Answer
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Anjana Aiyar answered.
3 months ago


Yes Bank plans to raise at least Rs.8000 crore via a public offering of shares to boost its capital base. Yes Bank needs to urgently raise its Tier-1 core capital ratio from the current level of 6.3% to at least 10% by March 2021. It may be recollected that Yes Bank, which received 100 billion rupees of capital infusion from eight lenders led by SBI. The CEO of Yes Bank, Prashant Kumar, affirmed that the bank plans to raise Rs.15,000 crore overall to boost its financial heft. The advantage for Yes Bank is that it has the backing of marquee names like HDFC and SBI and that could actually help the fund raising to sail through.