Click&Pay will employ bank's IMPS platform to help it process instant proximity transactions
Private sector lender Yes Bank will seek shareholders approval for raising about Rs 16,500 crore through issue of debt securities as well as equity capital in one or more tranches. The annual general meeting of the bank will be held on June 7, Yes Bank said in a statement today. The bank proposes to seek approval for borrowing or raising funds in Indian or foreign currency by issue of debt securities up to Rs 10,000 crore to eligible investors on private placement basis, it said. The proposed fund would be raised in one or more tranches in domestic and or overseas market, as per the structure and within the limits permitted by the RBI and other regulatory authorities, it said. These would form part of the overall borrowing limits approved by shareholders of Rs 50,000 crore, it further said. Besides, the bank proposes to raise additional capital aggregating up to USD 1 billion (about Rs 6,500 crore) or its Indian rupee equivalent by way of placement of shares through ...
The RBI has approved hike in FII/FPI investment limit to 60% from 49%
Despite 65 per cent of its loan book in the corporate sector, Yes Bank has managed to keep its NPAs low, which needs appreciation
Net Interest Margin, a key indicator of bank's profitability, expanded to 3.4% as compared to 3.2% in the quarter ended December
On the asset quality front, the bank's net NPAs, or bad loans, increased to 0.29% of total advances in the March quarter
The bank today reported 27.42% rise in standalone net profit at Rs 702.11 crore for the fourth quarter ended March 2016
Shares of the bank were trading 1.18% up at Rs 865.80 apiece on BSE
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The bank will launch its credit card services in the first quarter of next fiscal