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YES BANK to raise 200B rupees via debt securities

YES BANK Ltd. plans to raise up to 200 billion Indian rupees through the issuance of debt securities.

The India-based bank said it will raise funds in local and foreign currency by issue of securities in the form of nonconvertible debentures, medium-term notes and bonds, among others.

Further, the bank received shareholders' approval to raise the total borrowing limit to 700 billion rupees.

As of June 6, US$1 was equivalent to 64.44 Indian rupees.