YES Bank may look to raise Rs 3,000 crore from share sale

Private sector lender YES Bank is planning to raise funds through a share sale, according to a report by ET NOW quoting sources.

“The bank is aiming to raise about Rs 3,000 crore from the share sale,” the report said.

Deutsche Bank is said to be among the advisors to YES Bank on the share sale.


The report further added that bank’s new MD and CEO Ravneet Gill and his team have met over a two dozen investors, including FIIs, DIIs and private equity players in the last few weeks.

T Rowe Price, Capital Research, Franklin Templeton and WestBridge are among the list of FIIs to whom Yes Bank has met.

YES Bank also appraised investors on solving issues with RBI, hiring and filling critical gaps and focus on compliance.

Queries sent to Yes Bank by ET NOW did not get any response.

The bank is also considering to hire a seasoned resource on the retail lending side.