Soon, you may be able to deposit cash or order a cheque book through an automated teller machine (ATM) of a bank, of which you are not a customer. At present, one can withdraw money, check account balance and get a mini statement from non home-bank ATMs, but no other transaction is allowed.

The National Payments Corporation of India, along with some private and public-sector banks, has embarked on a pilot project to test the feasibility if several services could be offered by non-home bank ATMs. Bankers have also sought the Reserve Bank of India’s (RBI) approval to roll out the same if the results of the pilot projects are positive.

MUMBAI: After raising $500 million (Rs 2,942 crore) through a qualified institutional placement (QIP), Rana Kapoor, MD & CEO, YES Bank, is keeping an eye on acquisition opportunities in the nature of a retail bank, with the right people at the right price.

Madhu Kapur, widow of YES Bank co-founder Ashok Kapur, has appealed to the bank's shareholders to vote against most resolutions to be placed at the lender's annual general meeting on June 14.

"It is important to first clarify that as the second-largest shareholder of the bank, I do not desire the functioning of the bank to be disrupted in any manner whatsoever.

Private Sector lender YES Bank has raised $500 million via the qualified institutional placement (QIP) route. With this issue, the promoters have divested 12.9 per cent stake in the bank. Earlier the promoter shareholding in the bank stood at 25.55 per cent but after the QIP issue the stake has come down to 12.65 per cent.

Private sector lender YES Bank is set to raise $500 million by issuing fresh shares to a cluster of investors. This will lead to dilution of 10-12 per cent in promoter shareholding.

Officials involved in the qualified institutional placement (QIP) said the bank would sell shares at Rs 540-550/share. Goldman Sachs, Deutsche Bank, UBS, HSBC, JM Financial and Motilal Oswal Financial Services are the lead arrangers for the issue.

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