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Hot Pursuit
20-Jun-23
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Yes Bank board to consider fund raising on Jun 23
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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.
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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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