Yes Bank’s Capital raising committee has approved its plan of fund raising through further public offering (FPO).
Previously, RBI has imposed moratorium on Yes bank on March 5, 2020 which was later on lifted on March 18, 2020.
Yes Bank is in list of top private banks in India which was incepted in 2004; YES BANK operates its Investment banking, Merchant banking & Brokerage businesses through YES SECURITIES and its Mutual Fund business through YES Asset Management (India) Limited, both wholly owned subsidiaries of the Bank. Headquartered in Mumbai, it has a pan-India presence across all 28 states and 9 Union Territories in India.
State bank of India (SBI) has bought 49% stake in Yes Bank earlier in March this year.