Debt instruments News
Private sector lender Yes Bank on Wednesday said it has received shareholder nod to raise Rs 20,000 crore in debt instruments through various routes.
The securities would be issued on private placement basis, it said, adding that the approval of shareholders for the issuance would be sought in the ensuing annual general meeting.
With debt instruments leading the way, Indian companies have garnered an estimated Rs 6.3 lakh crore from the marketplace in 2016.
Country's largest lender State Bank of India has raised Rs 2,100 crore by allotting Basel III compliant perpetual bonds to Yes Bank.
SBI said it will raise up to Rs 11,000 crore through Basel III compliant debt instruments on a private placement basis.
Besides, the markets watchdog also plans to undertake a review of 'derivative alerts' to safeguard the marketplace and investors from any manipulative activities.
Loading...