<p>Cash-starved private sector lender Yes Bank on Thursday approved a proposal to raise Rs 5,000 crore by way of share sale, including qualified institutions and rights issue.</p>.<p>The board meeting held on Thursday cleared this proposal.</p>.<p>This fund raising will be over and above Rs 10,000 crore cleared on February 7.</p>.<p>The board at its meeting has approved subject to receipt of requisite approvals, raising of funds for an additional amount aggregating up to Rs 5,000 crores Yes Bank said in a regulatory filing.</p>.<p>The fund may be raised in one or more tranches by "way of issuance of securities but not limited to through a qualified institutions placement/ public issue, rights issue, global depository receipts, American depository receipts, foreign currency convertible bonds or any other permissible mode," it said.</p>.<p>So, in aggregate the fund raising cannot exceed Rs 15,000 crore, it added.</p>.<p>Facing the collapse of the fourth largest private lender, the Reserve Bank sacked Yes Bank management and placed it under an administrator in the evening of 5 March with a 30-day moratorium.</p>.<p>On March 14, the government notified the rescue plan drafted by the RBI under which State Bank of India would pick up around 49 percent equity in Yes Bank.</p>.<p>Private lenders joined SBI to shield the banking sector from a widespread crisis by injecting Rs 10,000 crore into the bank with SBI alone infusing Rs 6,050 crore.</p>
<p>Cash-starved private sector lender Yes Bank on Thursday approved a proposal to raise Rs 5,000 crore by way of share sale, including qualified institutions and rights issue.</p>.<p>The board meeting held on Thursday cleared this proposal.</p>.<p>This fund raising will be over and above Rs 10,000 crore cleared on February 7.</p>.<p>The board at its meeting has approved subject to receipt of requisite approvals, raising of funds for an additional amount aggregating up to Rs 5,000 crores Yes Bank said in a regulatory filing.</p>.<p>The fund may be raised in one or more tranches by "way of issuance of securities but not limited to through a qualified institutions placement/ public issue, rights issue, global depository receipts, American depository receipts, foreign currency convertible bonds or any other permissible mode," it said.</p>.<p>So, in aggregate the fund raising cannot exceed Rs 15,000 crore, it added.</p>.<p>Facing the collapse of the fourth largest private lender, the Reserve Bank sacked Yes Bank management and placed it under an administrator in the evening of 5 March with a 30-day moratorium.</p>.<p>On March 14, the government notified the rescue plan drafted by the RBI under which State Bank of India would pick up around 49 percent equity in Yes Bank.</p>.<p>Private lenders joined SBI to shield the banking sector from a widespread crisis by injecting Rs 10,000 crore into the bank with SBI alone infusing Rs 6,050 crore.</p>