This Indian Mid Cap Bank has received approval to raise funds up to Rs 2,500 crore
The Bank offers a variety of banking services, including business and transaction banking, branch banking, corporate and institutional banking, financial markets, investment banking, corporate financing, and wealth management.
Yes Bank has been granted permission to raise or borrow up to Rs 2,500 crore in both Indian and international currency. This can be achieved through the issuance of various debt securities such as non-convertible debentures, bonds, Medium Term Note (MTN), etc. The bank will adhere to the relevant provisions outlined in the Companies Act, 2013, along with the accompanying rules, SEBI (Issue and Listing of Debt Securities) Regulations, 2008, SEBI Listing Regulations, and any other applicable laws. However, the implementation of this approval is contingent upon obtaining necessary approvals from shareholders and regulators, as required.
The scrip opened today at Rs 16.01 and reached the day's high and low of Rs 16.30 and Rs 16.01, respectively. Its 52-week high stood at Rs 24.75, whereas its 52-week low was Rs 12.50. The current market cap of the company is Rs 46,353.57 crore. Institutional and non-institutional holdings are 60.88 per cent and 39.10 per cent, respectively.
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Yes Bank provides a comprehensive suite of corporate banking services tailored to meet the needs of its discerning clients. These services encompass a wide range of areas, including working capital finance, specialized corporate finance, trade and transactional services, treasury risk management services, investment banking solutions, and liquidity management solutions. The bank actively participates in influential global thought leadership forums such as the Clinton Global Initiative (CGI), Triple Bottom Line Investing (TBLI), and Tallberg Forum, reflecting its commitment to staying at the forefront of industry developments. Notably, Yes Bank has achieved a significant milestone by becoming the first Indian bank to join as a signatory with the United Nations Environment Programme (Financial Initiative), underscoring its dedication to environmental sustainability.