YES Bank gets RBI nod to raise capital from Carlyle, Verventa Holdings

The Reserve Bank of India (RBI), on Friday, issued two letters to YES Bank as the final go-ahead for its proposed capital raise plan from the Carlyle Group and Verventa Holdings, the bank said in a statement while informing the exchanges.

“We wish to hereby inform that the bank is now in receipt of two further letters (separate to each investor) from the RBI in relation to the proposed investment,” it said.

YES Bank will now engage with the investors for completion of the proposed capital raise, subject to various regulatory compliances.