Business Standard

Crisis-hit Yes Bank poised to reveal crucial fund-raising details

Yes Bank Ltd. is expected to name the investors and the amount of money they will contribute after its board signs off on the plan at a meeting on Friday

YES Bank
Premium

Representative Image

Suvashree Ghosh | Bloomberg
An Indian lender that’s creaking under the weight of bad loans and exposure to the nation’s shadow-banking crisis is poised to release details of a crucial fund-raising plan.

Yes Bank Ltd. is expected to name the investors and the amount of money they will contribute after its board signs off on the plan at a meeting on Friday. Then it will be up to the Reserve Bank of India to consider approving the arrangement.

India’s fourth-largest private-sector lender aims to raise about $1.2 billion in capital and says it has received offers from bidders including an unnamed North American family

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in