YES Banks needs up to Rs 13,000 crore in equity in 1-2 years: ICRA

Reconstituted Board meets on March 26

Troubled private sector lender YES Bank will need upto Rs 13,000 crore as additional equity capital in next one-two years for meeting regulatory norms for maintaining capital level.
 

Meanwhile, its reconstituted board will hold its first meeting tomorrow (March 26, 2020).  The board headed by new non executive chairman Sunil Mehta will consider a proposal for raising funds (capital) by issuing shares or convertible bonds and warrants to qualified institutional investors. It has kept open the option of issuing shares on rights