Yes Bank plans to raise $150-250 mn via equity

Yes Bank plans to raise $150-250 mn via equity

Mumbai: “Private sector lender Yes Bank plans to raise $150-250 million via equity by March 2010 to meet expansion targets," Yes Bank’s deputy chief financial officer Jaideep Iyer 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," Iyer said.

“It is also looking at net interest margin of 3-3.2% in the next two quarters," he said adding: “The net interest income is likely to grow over 30 percent in the December quarter.".

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