-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 USD USD
In currencies, this is the abbreviation for the U.S. Dollar.
The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 500m 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 The place where a deposit is placed and kept, e.g., a bank, savings and loan institution, credit union, or trust company. A place where something is deposited or stored as for safekeeping or convenience, e.g., a safety deposit box. Receipts or Qualified Institutional Placements.
[Editorial queries for this story should be sent to firstname.lastname@example.org]
((Distributed via M2 Communications - http://www.m2.com))