Held on 20 October 2016
Yes Bank announced that the Board of Directors of the Bank at its meeting held on 20 October 2016 reiterated its approval on the following -Raising fund by way of QIP up to USD 1 million in one or more tranches.
Raising funds by way of issuance of debt securities including but not limited to non-convertible debentures, Medium Term Notes, bonds within the overall limit of Rs 10000 crore (in INR or FCY) by the Bank, in one or more tranches and/ or series, in domestic and/or overseas market, as per the agreed structure and within the limits permitted by RBI and other regulatory authorities, to eligible investors on private placement basis.
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