Yes bank to raise $100 mn from bonds in next 3 months

Yes Bank today said it will raise $100 million from bonds in the next three months to fund business growth and branch expansion.

"We intend to raise $100 million between July to September for meeting our growth plan," Yes Bank MD Rana Kapoor told reporters here.

The bank also plans to raise up to $200 million in the next 9 to 12 months in the form of Tier I capital.

This would be raised either from follow-on public offer or private placements, he said.