Yes Bank said that it is going to raise USD 1 billion (about Rs 6,400 crore) through fresh equity and Rs 10,000 crore through Non Convertible Debentures (NCDs) and bonds.

The shareholders of bank have also approved an increase in its borrowing limit to Rs 50,000 crore at its Annual General Meeting (AGM) yesterday.

According to the bank, the shareholders have approved the resolution for re-appointment of Rana Kapoor as the Managing Director and CEO for a period of three years.

“Shareholders have approved through special resolution to raise fresh equity aggregating up to USD 1 billion. The shareholders also approved through special resolution, the issuance of NCDs and bonds up to a total amount of Rs 10,000 crore.”

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