Yes Bank: 4 QIPs and a IPO

The bank has been successively raising amounts between $250 mln to $500 mln since 2009 and will like proceed with an institutional / 144A placement of GDRs in Q2 or Q3 of this calendar year with European markets 

Meanwhile IFC added a tranche of $75 mln expected to support around 350,000 entrepreneurs for the INR 380 crores extended in perpetual (15 yr) debt at a below 500 point spread over LIBOR

The release indicates the bank expects to triple its balance sheet in these three fiscals till March 2015 . The bank is near a net income of $200 mln for the year and growing to three times its loan book could actually increase profits to a $1 bln mark given its advantages in Net interest spreads. Of course detailed analysis is only possible if and when we have a larger team. 

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