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Private sector lender YES Bank plans to raise quasi-capital (tier-II) of Rs 750 crore from the domestic market between now and December-end, it’s Managing Director and Chief Executive Officer, Dr Rana Kapoor, said.
The bank is also on target to raise primary equity of $300-400 million in 2013 through the Global Depository Receipt (GDR) or Qualified Institutional Placement (QIP) route, Dr Kapoor told Business Line here on Thursday.
YES Bank’s capital-adequacy ratio stood at 17.96 per cent at March-end this year against 16.5 per cent reported a year earlier.
The bank had in March-end this year raised hybrid debt of Rs 380 crore from the International Finance Corporation.
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Asked whether YES Bank planned to reduce its lending or deposit rates post the RBI’s mid-quarter review, Dr Kapoor replied in the negative. “Given the status quo, we plan to maintain our interest rates for the time being,” he said.
YES Bank’s base rate, the minimum lending rate, is currently pegged at 10.5 per cent. It was last revised in October 2011 when it was reduced by 25 basis points to 10.50 per cent.
Dr Kapoor said that the bank was also looking to grow its export loan book in the coming days.