YES Bank board approves ₹10,000 crore fundraising plan
The shares of YES bank saw a rise of 2.35% today.
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The shares of YES bank saw a rise of 2.35% today.
The agency said the upgrade indicates Moody's expectation of additionally advancing the Bank's credit profile, encouraged by a cleanup of legacy stressed assets and enhancements to its capital and profitability.
The sources also cited that the reason EY chose the three US-based firms to be Yes Bank’s equity partners is their suggestive plans for the proposed ARC.
Rajan Pental, global head (retail banking) at Yes Bank, said that the arrangement will enable the bank to enhance its reach by entering and deepening its presence in newer markets.
Yes Bank, a private sector bank is offering fixed deposits (FD) to both regular and senior citizens. An FD account can be opened with a minimum deposit of Rs 10,000 for a tenure of 7 to 10 years.
Yes Bank on Tuesday released revised ratings on its financial instruments by agency, CARE.
YES Bank is actively looking to sell its non-performing assets worth Rs 32,344 crore to asset reconstruction companies and other potential investors and has appointed E&Y to advise it on the sale.
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