₹10,000 crore, said three people aware of the development.The private lender, which was rescued recently by a consortium led by State Bank of India (SBI), is likely to file an offer document for the FPO as early as this week, said the first person cited above on condition of anonymity.“If things go as planned, then the offer document for the FPO will be filed this week itself.
Bank of America, Citi, Kotak and Axis Capital are advising the bank on the FPO," the person said.Multiple emailed queries sent to Yes Bank did not elicit a response.The lender will join its peers that are raising capital to reinforce their balance sheets in anticipation of contingencies and opportunities arising out of the coronavirus pandemic.Last month, Kotak.