Board okays Yes Bank plan to raise ₹5,000 cr.

Board okays Yes Bank plan to raise ₹5,000 cr.

"The board, at its meeting. has approved, subject to receipt of requisite approvals, raising funds for an additional amount aggregating up to ₹5,000 crore in one or more tranches", the bank said in a communication to the stock exchanges. The bank was put under moratorium earlier this month following a deterioration in its financial health and later, the government announced a reconstruction scheme to aid the lender’s revival.

Read more at 
The Hindu

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