Hot Pursuit     24-Jun-23
Yes Bank board OKs raising funds upto Rs 2,500 cr
Yes Bank announced that its board has approved borrowing or raising funds in Indian or foreign currency up to an amount of Rs 2,500 crore by issue of debt securities.
The board of directors of the private bank may issue debt securities including but not limited to non-convertible debentures, bonds, medium term note (MTN), 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 closed 0.25% lower at Rs 15.98 on Friday, 23 June 2023

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