Up to Rs10,000cr fundraising plan approved by Yes Bank's board
Mon, Jan 25, 2021 12:40 PM

Up to Rs10,000cr fundraising plan approved by Yes Bank's board

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Yes Bank's board has approved a fundraising plan to the tune of Rs10,000cr in one or more tranches. The board decided it while announcing (Q3FY21) result. The private lender now seeks shareholders’ approval (by way of a special resolution) about the raising of funds through a postal ballot. In its Q3FY21, Yes Bank recorded a net profit of Rs151cr compared to net losses of Rs18,560cr a year ago.

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