Yes Bank plans to raise Rs 100-crore Tier II capital through redeemable convertible bonds.
The managing director and chief executive officer, Rana Kapoor, said the bank was in talks with multi-lending institutions and would finalise the deal by June.
It would focus on small- and medium-sized enterprises (SMEs) to expand its business, said Kapoor at a press conference to inaugurate the bank's corporate office.
“We see the potential for growth in lending to SMEs, as retail banking will require capital investment. It will also take us three to five years to build a robust retail model. That is why we want to focus on service and trust banking,” he said.
