Yes Bank plans to raise $150-250 mln via equity

MUMBAI Wed Oct 21, 2009 2:01pm IST

Related Topics

MUMBAI (Reuters) - Private sector lender Yes Bank plans to raise $150-250 million via equity by March 2010 to meet expansion targets, a senior official said on Wednesday.

"We are yet to decide on the mode of fund raising via equity but it would be most likely be QIP (qualified institutional placement) route," Jaideep Iyer, deputy chief financial officer, said in a conference call.

It is also looking at net interest margin of 3-3.2 percent in the next two quarters, Iyer said.

The net interest income is likely to grow over 30 percent in the December quarter, he said.

(Reporting by Tamajit Pain; Editing by Prem Udayabhanu)

(For more news on Reuters Money visit www.reutersmoney.in)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

India-China Ties

REUTERS SHOWCASE

LIC on Markets

LIC on Markets

LIC chairman bullish on Indian markets  Full Article 

Infosys-Huawei

Infosys-Huawei

Infosys partners with China's Huawei for cloud-based services  Full Article 

Gold Outlook

Gold Outlook

Gold imports seen up, premiums likely to double on festive buying  Full Article 

Trade Dispute

Trade Dispute

U.S. to press India on trade row during Modi's Washington visit  Full Article 

Fed Policy Meet

Fed Policy Meet

Fed renews zero rate pledge, but hints at steeper rate hike path  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage