Yes Bank’s successful QIP in a weak equity market had pushed the bank’s stock by 6% on Wednesday.
As of June quarter, IDBI Bank continues to fall within the three risk threshold levels across various parameters.
Yes bank is planning to raise about Rs 2,000 crore ($ 285 million) via QIP.
State Bank of India (SBI) was the first off the block to cut its loan rates by reducing its marginal cost of lending rate (MCLR) by 15bps with effect from August 10.
Noel Quinn, 57, the head of its Global Commercial Banking unit will hold the role of interim CEO.
The latest rates are applicable across various tenors for domestic term deposits or fixed deposits (FDs).