Yes Bank Board approves raising of Tier I and Tier II capital

Yes Bank Ltd has announced that the Board of Directors of the Bank at its meeting held on October 30, 2006, inter alia, has approved the borrowing / raising of funds through Perpetual Debt Instruments forming part of Tier I capital upto Rs 85 Crore and by way of Upper Tier II / Hybrid Instruments forming part of Tier II capital upto Rs 280 Crore in one or more tranches, The amounts may be raised in Indian or Foreign Currency.

Source : Equity Bulls

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