Hot Pursuit     20-Jun-23
Yes Bank board to consider fund raising on Jun 23
Yes Bank said that a meeting of its board of directors is scheduled to be held on Friday, 23 June 2023 to consider and approve the proposal of borrowing or raising funds.
The board will consider borrowing or raising funds in Indian/foreign currency by issue of debt securities including but not limited to non-convertible debentures, bonds, medium term note (MTN) etc., subject to necessary approvals from shareholders/ regulators, as applicable.

Yes Bank is a full service commercial bank providing a complete range of products, services and technology driven digital offerings, catering to retail, MSME as well as corporate clients.

The private lender's standalone net profit slumped 44.91% to Rs 202.43 crore in Q4 FY23 as against Rs 367.46 crore recorded in Q4 FY22. Total income jumped 25.2% year on year (YoY) to Rs 7,298.51 crore in the quarter ended 31 March 2023.

The scrip rose 0.31% to currently trade at Rs 16.28 on the BSE.

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