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Yes Bank's capital increase strengthen's its buffer: Moody's

Yes Bank's capital increase strengthen's its buffer: Moody's

Monday, April 3, 2017, 12:38 PM

Global credit rating agency Moody's Investors Service on Monday said Yes Bank raising around Rs.49 billion last week strengthens its capitalisation and loss absorbing buffer as well as supports credit growth. "Using Yes Bank's capital position as of December 2016, we estimate that the capital raise will increase the bank's common equity Tier 1 ratio by about three percentage points to 12.9%," Moody's said.
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