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.

Private sector lender Yes Bank on Thursday said it has bought over 5 per cent stake in an investor advisory firm, IiAS, from BSE.

Yes Bank said in a regulatory filing that it has acquired 5,00,750 equity shares of Institutional Investor Advisory Services (IiAS) from BSE Limited which is equivalent to 5.006 per cent of the paid-up capital of the company.

NEW DELHI: Budget 2016 has created room for the RBI to cut rates, says Rana Kapoor, MD & CEO of YES Bank "By adhering to fiscal deficit aim of 3.5% the Budget creates room for complimentary monetary policy rate cut of 50 bps in the near term and 75-100 bps in 2016, conditioned on favourably evolving macros," says Rana Kapoor.

"FY17 Budget has provided a strong growth direction to the Indian economy. The Finance Minister has managed to balance the need to prioritize social sector requirements with economic and business imperatives. The segmented 9-Pillar approach with well carved out deliverables will ensure execution clarity and focus," Rana Kapoor adds.

Yes Bank, a private lender, has joined hands with the Indian Railways to provide safe and clean drinking water by setting up 1,000 community water purification systems across railway stations in the country by 2019.

In the first phase of the project, the bank will set up 100 such systems across D’ and ‘E’ category railway stations in the Konkan belt and other locations in Maharashtra by March 2016.

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