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YESBANK
is actively making moves to strengthen its financial position and drive future growth. The bank's board has recently approved a significant fundraising plan to raise up to ₹16,000 crore. This capital will be a mix of ₹7,500 crore through equity securities (with an overall dilution cap of 10%) and ₹8,500 crore via debt instruments, to be executed in multiple tranches across domestic and international markets.
This fundraising initiative follows a major strategic development where Japan's Sumitomo Mitsui Banking Corporation (SMBC) is set to acquire a 20% stake in Yes Bank for ₹13,483 crore. This acquisition will see existing institutional shareholders like SBI and other private lenders dilute their holdings, with SMBC potentially becoming the single largest shareholder. Furthermore, Yes Bank delivered strong Q4 FY25 financial results, reporting a 63% year-on-year jump in net profit to ₹738 crore, driven by lower provisioning for bad loans and healthy growth in Net Interest Income (NII).#StockInNews#WatchOutFor#FundamentalViews#EquityResearch#PersonalFinance
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