With an improved growth profile and optimal capital utilisation, with benefits of a likely credit rating upgrade, the move is unlikely to be earnings or return on equity (RoE) dilutive, said analysts. Prashant Kumar, MD & CEO at YES Bank told ET NOW earlier this week that the fundraising would be a turning point for his bank.
The company reported a 36.51 per cent increase in its consolidated net profit to Rs 152.05 crore for the first quarter ended June 30, 2022. It had posted a net profit of Rs 111.38 crore in the April-June period a year ago.