Canindia News

‘Capital Adequacy Ratio’ above regulatory norms: Yes Bank

Mumbai, Jan 15 (IANS) Private lender Yes Bank on Wednesday reassured customers that its overall ‘Capital Adequacy Ratio’ is above regulatory requirements and that its operations are stable.

The bank gave the reassurance in response to what it called the recent “unsubstantiated and irresponsible press or social media speculation about” the lender.

“… In this regard, it may be noted that the bank’s overall ‘Capital Adequacy Ratio’ is comfortably above regulatory requirements and all efforts are being made to financially strengthen the bank even further,” the lender said in a statement.

“Kindly, therefore, pay no heed to these unfounded reports.”

Last week, the private lender rejected investor Erwin Singh Braich’s $1.2 billion investment offer but said that it will raise Rs 10,000 crore by issuing securities.

The bank last Friday said it will take up Citax Holdings, and Citax Investment Group’s investment offers in the next board meeting.

–IANS

rv/vd

YOU MAY ALSO BE INTERESTED IN

IIFL dealer, 5 others barred from securities market for front running

CanIndia New Wire Service

India can become AI laboratory of the world: NITI Aayog CEO

CanIndia New Wire Service

India needs to move beyond exporting raw materials: Goyal

CanIndia New Wire Service

Growth in data tariffs, broadband reach show move towards higher ARPU

CanIndia New Wire Service

Three pvt banks in TN, Kerala hit headlines for wrong reasons

CanIndia New Wire Service

Stimulus, healthy macros expected to lift markets (IANS Equity Outlook)

CanIndia New Wire Service

‘CIRP threshold against personal guarantors should be raised’

CanIndia New Wire Service

Unscathed: Pent-up demand more sustained, predictable now, says Kia India (IANS Special)

CanIndia New Wire Service

Accounts not performing due to delay won’t be labelled NPAs: Centre

CanIndia New Wire Service

Leave a Comment

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More