-Yes Bank to raise equity capital.
Global Banking News - 03 May 2012
India-based private sector bank, Yes Bank (YESBANK.NS) has announced a plan to increase equity capital.
The bank said that it was planning to raise as much as USD500m in the latter part of the current financial year. The capital is to be used by the bank to support its future business growth.
The bank could raise the capital either through Global Depository Receipts or Qualified Institutional Placements.
[Editorial queries for this story should be sent to email@example.com]
((Distributed via M2 Communications - http://www.m2.com))