SME Times News Bureau | 16 Jan, 2020
Private lender Yes Bank on Wednesday reassured customers that its
overall 'Capital Adequacy Ratio' is above regulatory requirements and
that its operations are stable.
The bank gave the reassurance in
response to what it called the recent "unsubstantiated and irresponsible
press or social media speculation about" the lender.
"... In
this regard, it may be noted that the bank's overall 'Capital Adequacy
Ratio' is comfortably above regulatory requirements and all efforts are
being made to financially strengthen the bank even further," the lender
said in a statement.
"Kindly, therefore, pay no heed to these unfounded reports."
Last
week, the private lender rejected investor Erwin Singh Braich's $1.2
billion investment offer but said that it will raise Rs 10,000 crore by
issuing securities.
The bank last Friday said it will take up
Citax Holdings, and Citax Investment Group's investment offers in the
next board meeting.
