Yes Bank to Raise ₹2,500 Crore via Data Securities
Yes Bank, one of the country’s leading private banks, has announced that it will raise ₹2,500 crore through data securities. The bank is planning to gather funds in either Indian or foreign currency and may include non-convertible debentures, bonds, and medium-term notes in its instruments.
Annual General Meeting to be held on August 18
The proposal will be voted on by shareholders at the bank’s annual general meeting on August 18. As of March 31, the bank’s total capital adequacy ratio was 17.9 percent, which was 50 basis points (bps) higher than on March 31, 2022. Yes Bank’s shares fell today, closing at ₹15.95 with a 0.31 percent decline.
Profit of ₹202 Crore Expected in Q4 23
Yes Bank is anticipating a profit of ₹202 crore in Q4 23, according to reports. The bank’s net loss for the same period last year was ₹3,668 crore. This year, however, the bank is expected to post a profit due to strong asset quality and a decline in provisions.
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