The Board of Yes Bank on Thursday approved raising up to Rs 10,000 crore through debt securities.
The instruments for raising the fund would include non-convertible debentures (NCD), bonds, Medium Term Note (MTN) among others, the bank said a in a regulatory filing.
"The Board of Directors of the Bank in its meeting held on June 10, 2021, have, inter alia, considered and approved seeking shareholders' approval for borrowing/raising funds in Indian/foreign currency up to an amount of Rs 10,000 crore by issue of debt securities including but not limited to non-convertible debentures, bonds, Medium Term Note (MTN) etc," it said.
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Shares of the bank on Thursday closed at Rs 14.64 on the BSE, higher by 3.03 per cent from its previous close.
The bank had reported a standalone net loss of Rs 3,787.75 crore for the January-March quarter.
Its gross NPA was 15.41 per cent during the fourth quarter of last fiscal, down from 16.80 per cent reported in the same quarter in FY20.
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The total income of the bank during the fourth quarter of FY21 stood at Rs 4,805.30 crore.
