Yes Ban looking to raise 12,000 Crores by September 2020

Medium sized new generation bank Yes Bank has announced that it is looking to raise 10 to 12,000 Crores through various fund raising plans such as Rights Issue, Qualified Institutional Placement or follow on public offer.

The Bank has to raise minimum 4,000 Cores to meet the regulatory requirement this year.

Meanwhile Yes Bank declared its Q 4 results which showed a profit of more than 2,600 Cores which is very much healthy sign for the days to come for this bank.

We had already initiated a buy call on this bank. People looking for multibagger returns in coming 2 to 3 Years should buy the Yes Bank stock now trading at Rs 27.

The stock is available at very very cheap price due saga of events which has happened in recent pasts but bank is having strong fundamentals and good retail base of clients as well as state of art technological investments which makes is way much ahead than any other banks of our country especially public sector banks.