Yes Bank to raise about Rs 5,500 crore in next 12 months

Private sector Yes Bank will raise around Rs 5,500 crore in the next 12 months, its MD and CEO Rana Kapoor said Wednesday.

Kolkata: Private sector Yes Bank will raise around Rs 5,500 crore in the next 12 months, its MD and CEO Rana Kapoor said Wednesday.

Speaking to reporters on the sidelines of Bengal Global Business Summit here today, Kapoor said around Rs 2,500 crore to Rs 3000 crore would be raised through infrastructure bonds around March.

Another Rs 2,500 crore would be raised as hybrid capital to meet Basel III requirements from domestic markets.

The bank was also working on plans to enter home loan and credit card segments, he added.

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