Rana Kapoor,Managing Director and Chief Executive Officer of YES Bank announced the bank's plan to shore up its capital base.
As part of the initiative, the bank would raise quasi-capital (tier-II) of Rs 750 crore from the domestic market between now and December-end.
It would also raise primary equity of $300-400 million in 2013 through the Global Depository Receipt (GDR) or Qualified Institutional Placement (QIP) route, Kapoor informed a leading media.
YES Bank’s capital-adequacy ratio stood at 17.96 per cent at March-end this year against 16.5 per cent reported a year earlier. The bank had in March-end this year raised hybrid debt of Rs 380 crore from the International Finance Corporation.
Meanwhile, Kapoor said the bank is looking to grow its export loan book in the coming days. YES Bank’s base rate, the minimum lending rate, is currently pegged at 10.5 per cent. It was last revised in October 2011 when it was reduced by 25 basis points to 10.50 per cent.