YES BANK has kick-started the process for the second tranche of capital raising and is looking to raise Rs 5,000 crore.
sources told CNBC-TV18
* The bank may look at various options including QIP,
rights issue, and preference issue.
* According to sources, the private lender has appointed six merchant bankers for its proposed capital raising.
* These are Axis Capital, Kotak Investment Banking, SBI CAPS, Bank of America, Citi and HSBC Capital Market.
* The bank has approvals in place to raise up to Rs 15,000 crore, which will take care of the bank's capital requirement for three years.
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