Mumbai, January 24, 2017: YES BANK’s management has been made aware of certain unfounded rumours in connection with an imminent capital raising plan of YES BANK via QIP.
We wish to clarify and confirm that these rumours are incorrect, and there is no such immediate plan.
As reported on January 19th, 2016, Total Capital Adequacy Ratio as per Basel III is robust at 16.9% with Tier I ratio at 12.2% (including profits and excluding prorated dividend).
About YES BANK
YES BANK, India’s fourth largest private sector bank is a high quality, customer centric and service driven Bank. Since inception in 2004, YES BANK has grown into a ‘Full Service Commercial Bank’ providing a complete range of products, services and technology driven digital offerings, catering to corporate, MSME & retail customers. 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 including an IBU at GIFT City, and a Representative Office in Abu Dhabi.
For more information, please visit the Bank’s website at http://www.yesbank.in/
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