Yes Bank has announced its plans to begin fundraising shortly. The bank aims to raise a total of EUR 1.7 billion through this process. This follows the bank’s application for expedited funding from regulatory bodies, which was prompted by the Reserve Bank of India’s (RBI) rescue operation in March 2020.
As part of the government’s rescue plan, several significant banks including SBI, HDFC, ICICI Bank, Kotak Mahindra Bank, Bandhan Bank, Federal Bank, and IDFC First Bank contributed a total of 1 billion euros to Yes Bank.
