YES Bank gets RBI nod to raise capital from Carlyle, Verventa Holdings

The Reserve Bank of India (RBI) gave YES Bank two letters on Friday, the bank said in a statement to the markets, as the final approval for its proposed capital raise plan from the Carlyle Group and Verventa Holdings.

We would like to hereby notify you that the bank has now received two further letters from the RBI on the proposed investment, one for each investor.

In order to complete the proposed capital increase, YES Bank will immediately contact the investors, subject to certain regulatory compliances.