Private sector lender Yes Bank today raised Rs 5,415 crore through bonds to fund business expansion.
The bank has issued and alloted Basel III compliant Additional Tier I Bonds through private placement for an aggregate amount of Rs 5,415 crore, Yes Bank said in a regulatory filing.
The bank would offer coupon rate of 9 per cent, it said.
************* DHFL Pramerica Life H1 profit more than doubles to Rs 46.8 cr *
DHFL Pramerica Life Insurance today posted a 139 per cent increase in net profit at Rs 46.8 crore for the first half of the fiscal ended September 30.
The company had earned a net profit of Rs 19.6 crore in the same period a year ago, DHFL Pramerica Life said in a statement.
During the period under review, the new business premium of the company rose to Rs 647 crore, it said.
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