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Rs 2000 crore targeted by Yes bank for the next five years

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One of the leading lending groups Yes Bank has recently upgraded their views to cover more areas with addition of 400 million dollars for the coming five years. Source reported at www.propertykhazana.com reveals that this process of funds by the banks will be in the form of follow up public offer equity and debt. Later MD and CEO of the Bank - Rana Kapoor states at the www.propertykhazana.com that “we are hoping a growth nearly up 45 percent on year to year basis and for this we have done lot of exercise since from the last five years”.
Rana further adds that “initially the bank will be raising 150 million dollars during the last months of the current financial year or it may postpone hardly to the first fiscal terms of the next year and the second phase will be in the form of follow – on public offer touching 250 million dollar”. On another note with www.propertykhazana.com MD of the bank reveals that, “the company is targeting a balance sheet of around Rs 1, 23,000 crores to that of Rs 1,50,000 crores at the both the category of deposits and advance”. He also adds that the bank has calculated a net profit of Rs 303.8 crore for the period of 2008-09 which rose up to 52 percent as compared to the last financial year.
The Bank will be continuing the trail to food and the associate agricultural dealings along with other infrastructure ranging from healthcare to that of education in the coming years. At the same time it was also made clear from the top management of the Bank that the fund raising will be entirely on the domestic atmosphere since ADRs and GDRs are no more at the interest of the market. Source of www.propertykhazana.com also reveals that currently the paid up capital of the bank has touched Rs 297 crore with Rs 1650 as net worth of the company where it leads to Rs 3060 as the total capital of the lending group for March 09. For more and latest realty updates visit www.propertykhazana.com.
Source: NBTVLIVE

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