Thursday, June 17, 2021
News

Yes Bank board okays raising up to Rs 10K cr via debt securities

   SocialTwist Tell-a-Friend    Print this Page   COMMENT

Mumbai | Friday, 2021 2:15:06 AM IST
The Board of Yes Bank on Thursday approved raising up to Rs 10,000 crore through debt securities.

The instruments for raising the fund would include non-convertible debentures (NCD), bonds, Medium Term Note (MTN) among others, the bank said a in a regulatory filing.

"The Board of Directors of the Bank in its meeting held on June 10, 2021, have, inter alia, considered and approved seeking shareholders' approval for borrowing/raising funds in Indian/foreign currency up to an amount of Rs 10,000 crore by issue of debt securities including but not limited to non-convertible debentures, bonds, Medium Term Note (MTN) etc," it said.

Shares of the bank on Thursday closed at Rs 14.64 on the BSE, higher by 3.03 per cent from its previous close.

The bank had reported a standalone net loss of Rs 3,787.75 crore for the January-March quarter.

Its gross NPA was 15.41 per cent during the fourth quarter of last fiscal, down from 16.80 per cent reported in the same quarter in FY20.

The total income of the bank during the fourth quarter of FY21 stood at Rs 4,805.30 crore.

--IANS rrb/sn/vd

( 200 Words)

2021-06-10-20:18:05 (IANS)

 
  LATEST COMMENTS (0)
POST YOUR COMMENT
Comments Not Available
 
POST YOUR COMMENT
 
 
TRENDING TOPICS
 
 
CITY NEWS
MORE CITIES
 
 
 
MORE BUSINESS NEWS
Adani Total up 921%, Adani Enterprises u...
J&K Bank to raise Rs 150 crore by issuin...
Growth of Indian consumer credit market ...
iMocha becomes the world's largest AI-po...
DCBA organizes Covid -19 vaccination cam...
Fuel price hiked again; petrol nearing c...
More...
 
INDIA WORLD ASIA
Chirag Paswan appoints Raju Tiwari as Bi...
U'khand govt orders FIR against labs fro...
Fertiliser subsidy scam: RJD's AD Singh ...
Two die, two critical after consuming su...
Cong deliberating on new in-charge, stat...
Fire breaks out at 9th floor of Delhi AI...
More...    
 
 Top Stories
Top Dutch woman tennis player Kiki ... 
Over 23% people to have lasting pos... 
635 new Covid cases, 1,649 recoveri... 
Can't read too much into NZ's 2020 ... 
Bangladesh reports 3,956 new Covid ... 
OnePlus merges with OPPO to create ... 
Growth of Indian consumer credit ma... 
J&K Bank to raise Rs 150 crore by i...