Watch Our Live Call Update: Yes Bank receives rating for Basel III AT1 Bonds -23 Dec,2016

Friday 23 December 2016

Yes Bank receives rating for Basel III AT1 Bonds -23 Dec,2016


YES BANK has said that it has received ratings from both CARE Ratings and India Ratings for Basel III AT1 Bonds of Rs. 1500 crores. “CARE has assigned AA rating with Stable Outlook and India Ratings & Research (a Fitch Group Company) has assigned Ind AA rating with Stable Outlook,” the company said in a filing to the Bombay Stock Exchange. 

YES BANK is India's fifth largest private sector Bank, founded by Rana Kapoor in 2004. Yes Bank is the only Greenfield Bank licence awarded by the RBI in the last two decades. Meanwhile, shares of the bank were trading at Rs 1127.50 apiece, up 0.06 per cent from the previous close at 09:50 hours on BSE. 

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