The scrip climbed 1.69 per cent to hit a high of Rs 14.45 on the BSE.
The company board will meet today to consider, approve and seek shareholders’ approval for borrowing, the bank said in a regulatory filing earlier this week without quantifying the amount.
The bank said it will raise funds in “Indian/foreign currency by issue of debt securities including but not limited to non-convertible debentures, bonds, medium-term note.”
The private lender had reported a net loss of Rs 3,787.75 crore for March quarter compared with a net loss of Rs 3,668.3 crore in the year-ago quarter due to a rise in provisions.
The lender’s provisions in the March quarter rose 7.5 per cent on-year to Rs 5,240 crore. On a sequential basis, provisions shot up 138 per cent.
Meanwhile, the CBI has carried out searches at 14 locations in Delhi-NCR and three other cities after registering an FIR against Oyster Private Ltd, Avantha group promoter Gautam Thapar and others for alleged diversion of over Rs 466 crore in YES Bank during 2017-19, officials said.
Thapar is already being probed in another case related to diversion of public money in YES Bank allegedly involving the bank’s former chief Rana Kapoor, they said.
