Mr. Rajat Monga, Senior Group President-Financial Markets and CFO, of Yes Bank clarified regarding the impact of recent RBI moves and the
bank’s capital raising plans. Details as follows,
According to management, even after assuming RBI’s steps to support the INR persist through the year, the worst-case impact on its margins is likely to be 12bps, translating into about 8-10bps RoA impact, or about 5% PAT impact
On the bank’s capital raising plans, while it has received CCEA approval, the final approval from FIPB is yet to come. YES is aiming at increasing
its FII limit to 60% from 49% at present. Besides this delay, its current capital adequacy (18.3% CAR with 9.5% tier-1 as of Mar'13) and high
RoEs matching its growth target provides the bank the comfort of looking for the opportune moment to pick equity.
