Private sector lender Yes Bank on Wednesday said it will spend Rs 250 crore towards livelihood and water security and environment sustainability over four years.

The fund would be spend on these key focus areas by 2020 through its focused and intensified Corporate social responsibility (CSR) actions, Yes Bank said in a statement.

Infosys, Asian Paints, Bajaj Auto, Hero MotoCorp, IndusInd Bank, Yes Bank, Kotak Mahindra Bank and Zee Entertainment Enterprises are eight stocks from the Nifty 50 index touching their respective 52-week highs on the National Stock Exchange (NSE) in intra-day trade today.

Of these, five stocks - Infosys, Asian Paints, IndusInd Bank, Kotak Mahindra Bank and Yes Bank are quoting at their lifetime highs on the NSE.

YES Bank shares hit their new all-time high in Thursday’s trade after the Cabinet Committee on Economic Affairs on Wednesday approved YES Bank’s proposal to increase foreign investment limit in the bank to 74 per cent, entailing FDI inflows of $1 billion (Rs 6,885 crore).

At 10.09 am, shares of YES Bank were trading 1.03 per cent up at Rs 1006.50. The scrip opened the day at Rs 996 and has touched a new all-time high of Rs 1009.60 in trade.

KOLKATA: Even as the emphasis is shifting towards digital banking channels, high street Indian private sector lenders such as HDFC Bank and Yes Bank, among others are accelerating their branch expansion plans to consolidate their presence at the grassroots before small finance banks dot the local banking landscape and new entities plan their universal banking foray.

Private sector lender Yes Bank has received in-principle nod from markets regulator Sebi to act as custodian of securities.

The city-headquartered bank has been given a year's time to establish the business by developing the operational, tech and human capital capabilities, it said in a statement.

MUMBAI: Fast-growing Yes Bank and the old private sector Federal Bank have been the first ones off the block to hit Gujarat International Finance Tech-City (Gift) and are hoping to make the most of easy regulations, low operational costs and the opportunity to raise dollar-denominated funds.

In the six months to April, Yes Bank has raised and lent $225 million of foreign currency loans to foreign subsidiaries of Indian companies and their joint ventures abroad and expects to more than double it in the full fiscal year ending March 2017, said Jaideep Iyer, group president, financial management, Yes Bank.

Shares of three private sector banks – HDFC Bank, Yes Bank and IndusInd Bank – touched their lifetime highs on the National Stock Exchange (NSE) in an otherwise rangebound market.

Post robust January-March (Q4FY16) quarter earnings, all these three banks have been outperforming the market by gaining between 4% and 7% as compared to less than 1% rise in the Nifty.

Banking shares were in focus and trading higher in the range of 1%-4%, with the IndusInd Bank and Yes Bank touching their respective 52-week highs on the National Stock Exchange (NSE).

IndusInd Bank, Canara Bank, Yes Bank, Kotak Mahindra Bank, Bank of Baroda and HDFC Bank were trading higher by more than 2% each, while State Bank of India (SBI), Federal Bank, Axis Bank and Punjab National Bank up 1%-2% on the NSE.

Private sector lender Yes Bank today said it has raised Rs 545 crore by issuing Basel-III complaint tier-II bonds.

"The Bank has successfully raised Rs 545 crore from Basel III compliant Tier II bonds on private placement basis. The issue was closed on March 31, 2016," Yes Bank said in a regulatory filing.

Mumbai, March 13: Yes Bank expects its balance sheet size to grow over three-fold by 2020, helped by a strong retail franchise and a bigger number of clients from the small and medium sector.

The country's fifth-largest private lender started operations in 2004.

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