Business

Yes banks raise rupees 10,000 rupees through debt securities

Mumbai (Maharashtra) [India], June 11 (ANI): The board of directors of Yes Bank, a private sector lender, raises up to Rs 10,000 in Indian or foreign currencies by issuing bonds, including but not limited to non-convertible bonds. Approved to seek shareholder consent. Bonds and medium-term bonds.

In the January-March quarter, crisis-stricken lenders reported a single net loss of Rs 3,788, compared to a net loss of Rs 3,668 in the year-ago quarter.

In terms of assets, the total amount of non-performing assets (NPA) of banks as of March 31 was 15.41% of the total amount of advance payments, a slight decrease from 16.8% in the same period of the previous year. However, net NPA rose from 5.03 percent to 5.88 percent.

Throughout the 2020-21 fiscal year, banks reduced their net loss from a loss of Rs 16,418 in the previous year to Rs 3,462.

Lenders at the end of March had a capital adequacy ratio of 17.5% to 19.6% as of December 31, and the common stock Tier 1 ratio at the end of the previous fiscal year (FY21) was 11.2%. It was 13.1% in the third quarter of 2009.

On March 5, last year, the Reserve Bank of India (RBI) placed Yes Bank under the moratorium and appointed Prashant Kumar as the new CEO and Managing Director.

The State Bank of India has acquired up to 49% stake in Yesbank, according to an RBI-backed bailout program. HDFC and ICICI Bank each injected Rs 1,000, Axis Bank Rs 600 and Kotaku Mahindra Bank Rs 500. (Ani)

Yes banks raise rupees 10,000 rupees through debt securities

Source link Yes banks raise rupees 10,000 rupees through debt securities

Related Articles

Back to top button