InvestorQ : Why is Yes Bank planning to raise Rs.10,000 crore via NCDs?
swati Bakhda made post

Why is Yes Bank planning to raise Rs.10,000 crore via NCDs?

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Sam Eswaran answered.
2 weeks ago
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Let me clarify that the bank has only secured board approval for raising debt and the plan is yet to be finalized including the modalities. In fact, the Yes Bank board approved raising a sum of up to Rs.10,000 crore through issue of debt securities. These funds, as of now, could be raised either through non-convertible debentures or through medium-term notes.

The challenge for Yes Bank is that despite the SBI sponsored rescue package, it is yet to get back to a high growth path. Yes Bank also urgently needs the funds for operations and for capital adequacy requirements so that it can boost its asset book. It is also simultaneously facing serious lapses in loans by the erstwhile promoters of Yes Bank.

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