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
The Mumbai-based bank raised about $750 million through the sale of new shares at Rs 1,500 each
The stock was up 2% to Rs 1,545 in intra-day trade on NSE, has rallied 34% thus far in 2017.
The floor price has been fixed at Rs 1,498.95 per share
YES Bank was up 2.7% at Rs 1,452 and IndusInd Bank, up 1.4% at Rs 1,341 hit record highs in intra-day trade on NSE
The private sector lender had reported a net profit of Rs 675.74 crore in 2015-16
With this capital raising, the bank's Tier-I Capital Ratio will be at 12%
Acharya will play a vital role in capturing market share on a global scale and build stable CASA deposits
Chawla takes over after incumbent Radha Singh ended her tenure as the bank's director on Saturday
However, net NPA of the bank rose to 0.29% from 0.20% on a year-on-year basis
Last month, the private sector lender had to abort its $1 billion fundraising plan via QIP
The stock was up 2% at Rs 1,320 on the NSE as compared to 0.40% rise in Nifty 50 index
However, shares of the bank traded 3.15 per cent down at Rs 1,228.50 on BSE
This is FMO's first investment in a green bond issued by a bank in India
It deferred its plans to raise $1 billion, citing extreme volatility in trading due to misinterpretation of new QIP guidelines
The stock was down 4.5% at Rs 1,219, falling 15% in four trading days from Rs 1,441, wiping out nearly Rs 9,500 cr in investor wealth.
YES Bank has the unfortunate distinction of deferring its proposed institutional private placement of $1 bn after keeping it open for a day
An LODR requirement for prior intimation derailed the year's biggest QIP but the Street also smells pricing issues