Money to be raised in one or more tranches through private placement
Since July 3, the bank announced the stock split plan the stock outperformed the market by surging 29% against 3.5% rise in Sensex
Bank also slashed interest rate on savings accounts to 6.25% from existing 6.5%
The bank has also slashed interest rate on savings accounts to 6.25% from existing 6.5%
Meanwhile, YES Bank's board on Wednesday approved a 5-for-1 stock split of equity shares
IndusInd Bank, Bajaj Finance, Godrej Consumer and L&T Finance from Nifty500 index also hit new highs
Net profit is helped by 44% growth in net interest income to Rs 1,809 crore
The stock rallied 6% to Rs 1,717 on BSE on back of heavy volumes.
Gross bad loans as a percentage of total loans fell to 0.97% in Q1 from 1.52% in Q4FY17
SMEs contribute about 45 per cent of industrial output and employ 42 million people in India
YES Bank had informed the stock exchanges about the QIP and had opened the QIP on September 8
The stock dipped 6.5% to Rs 1,501 on BSE in early morning trade.
YES Bank's bad assets more than double
Bad loans rose 1.52% of gross advances as on March 31 as against 0.76% a year ago
Interest earned in the quarter rose more than 23% to Rs 4,349 cr
Interested candidates have to apply online till May 2017
Thus far in 2017, RBL Bank and YES Bank outperformed the market by gaining more than 30%.
Bank says this QIP will boost the capital adequacy to 20%
YES Bank was the first bank that began operations at the IFSC in October 2015
Yes Bank raised the money via a secondary offering