Yes Bank to raise Rs 5,500 cr over next one year, says MD Rana Kapoor
Kolkata: Private sector Yes Bank will raise around Rs 5,500 crore in the next 12 months, its MD and CEO Rana Kapoor said today.
Speaking to reporters on the sidelines of Bengal Global Business Summit here today, Kapoor said around Rs 2,500 crore to Rs 3000 crore would be raised through infrastructure bonds around March.
Another Rs 2,500 crore would be raised as hybrid capital to meet Basel III requirements from domestic markets.
The bank was also working on plans to enter home loan and credit card segments, he added.
In four trading sessions, the shares of Yes Bank have lost nearly 12 percent