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:
  • Most Popular
  • Most Shared

DEFENCE

REUTERS SHOWCASE

Canonisation

Canonisation

Pope declares sainthood of two Indians, four Italians.  Full Article 

Stake Sale Strike

Stake Sale Strike

Coal India trade unions call off strike in victory for Modi.  Full Article 

Markets Weekahead

Markets Weekahead

Ride the bull with a finger on the ejector button.  Full Article 

Arms Purchase

Arms Purchase

India approves $2.6 bln mounted gun purchase - official.  Full Article 

Interview with Bulgari CEO

Interview: Bulgari CEO

Bulgari CEO: we shouldn’t have left India so we’re back  Full Article 

Formula One

Formula One

Hamilton takes second F1 title in style.  Full Article 

Available For Remake

Available For Remake

Bollywood finally wants to pay the price for remakes  Full Article 

Davis Cup

Davis Cup

Vintage Federer seals first Davis Cup for Switzerland.  Full Article 

Movie Review

Movie Review

"Happy Ending" is old wine in an older bottle  Full Article 

Reuters India Mobile

Reuters India Mobile

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