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 with a pan India presence across all 29 states and 7 Union Territories of India, headquartered in the Lower Parel Innovation District (LPID) of Mumbai, is the outcome of the professional & entrepreneurial commitment of its Founder Rana Kapoor and its Top Management team, to establish a high quality, customer centric, service driven, private Indian Bank catering to the future businesses of India.
YES BANK has adopted international best practices, the highest standards of service quality and operational excellence, and offers comprehensive banking and financial solutions to all its valued customers.
YES BANK has a knowledge driven approach to banking, and offers a superior customer experience for its retail, corporate and emerging corporate banking clients. YES BANK is steadily evolving as the Professionals’ Bank of India with the long term mission of “BUILDING THE FINEST QUALITY LARGE BANK OF THE WORLD IN INDIA”.
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