Yes Bank to raise Rs 365 crore

New Delhi, Oct 30 (UNI) Yes Bank today said it will raise Rs 365 crore in India or overseas, for which it has recieved the approval of its Board.

The Board of Directors has approved the raising of Rs 280 crore by way of Upper Tier II instruments in one or more tranches.

It had also accorded approval to borrowing/raising of funds through Perpetual Debt Instruments forming part of Tier I capital upto Rs 85 crore.

Earlier, the bank had also charted out plans to make new investments in building a retail banking framework.

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