Yes Bank gained 1.1% to Rs 865.15 at 14:20 IST on BSE after the bank said that it raised Rs 545 crore of Basel III compliant Tier II bonds on private placement basis.
The announcement was made during market hours today, 4 April 2016.Meanwhile, the S&P BSE Sensex was up 30.90 points or 0.12% at 25,300.54.
On BSE, so far 1.14 lakh shares were traded in the counter as against average daily volume of 4.02 lakh shares in the past one quarter. The stock hit a high of Rs 866 and a low of Rs 855 so far during the day. The stock hit a 52-week high of Rs 897 on 1 June 2015. The stock hit a 52-week low of Rs 590 on 24 August 2015. The stock had outperformed the market over the past one month till 1 April 2016, rising 19.1% compared with Sensex's 6.27% rise. The scrip had also outperformed the market in past one quarter, gaining 16.85% as against Sensex's 3.41% fall.
The large-cap bank has equity capital of Rs 420.53 crore. Face value per share is Rs 10.
Yes Bank said that the Bonds will be listed on the BSE. The issue was closed on 31 March 2016.
Separately, Yes Bank announced after market hours on Friday, 1 April 2016 lending rates based on marginal cost of funds effective from 1 April 2016. Yes Bank's Marginal Cost of Funds based Lending Rate (MCLR) for overnight loans will be 9%, for one month will be 9.1% and for three months will be 9.25%. The MCLR on 6-month loans will be 9.4% and for one-year loans the rate would be 9.6%, the bank said.
Yes Bank's net profit rose 25.1% to Rs 675.74 crore on 17.5% growth in total income to Rs 4122.12 crore in Q3 December 2015 over Q3 December 2014.
Yes Bank is a private sector bank with a pan India presence.
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