Yes Bank to consider fund raising in January 22 board meeting
Yes bank’s financial health among the big private sector banks is slowly improving. Now Yes Bank is preparing to raise funds through various channels. In this episode, the board meeting of the bank is going to be held on 22 January 2021. Bank’s third quarter results will be released on the same day.
Yes Bank told the stock exchange on Monday that the meeting of the board of directors of the bank is going to be held on January 22 on the issue of fund raising. On Monday, YES Bank shares rose on the news of the raising. Yes Bank stocks closed at Rs 17.65, up 0.28%.
On Monday, Yes Bank stock was seen on one side, while on the other hand the Sensex fell by 470.40 points and closed at 48,564.27 points. The Nifty fell 152.40 points to close at 14,281.30. That is, the bank shares rose rapidly due to the news of fund raising.
Yes Bank said that from the issue of equity shares at the meeting, a decision will be taken to raise funds through depository receipts, convertible bonds, debentures, warrants or any other equity linked securities.
Recently, Yes Bank said that in the December quarter, its total loan increased by 1.3 percent and it has increased to Rs 1.69 lakh crore. Earlier, the loan book of the bank was Rs 1.66 lakh crore in the September quarter.
In the third quarter of FY 2020-21, deposits with Yes Bank grew by 7.7 per cent and reached Rs 1,46,233 crore as against Rs 1.35 lakh crore in the same period last year. At the same time, the current account saving account deposit (CASA) of Yes Bank has increased by 12.6 percent from Rs 33,713 crore to Rs 37,973 crore. At the same time, CASA has increased by 27.5% in the ratio of total deposits, which was 26.2% in the September quarter.
