As the reports suggest, in order to boost its capital, Yes Bank is planning to raise ₹8,000 crore via public offering of shares. State Bank of India and HDFC will be the largest investors in fundraising.
Share sale would put Yes Bank’s aim of capital raising on a fast track after the lender’s stock rebounded 75% since the RBI rescued in March. It can raise its Tier-1 core capital ratio to around 10%, from 6.3% as of end-March.
Prashant Kumar, Chief Executive Officer of Yes Bank said, “the bank plans to raise ₹15,000 crore to boost its financial strength.”
As of now, deliberations are going on the matter.