YES Bank edges lower on Icra's rating downgrade

INSUBCONTINENT EXCLUSIVE:
30,772 crore as on March 31. In another development, ET reported that global funds are lined up for the bank's $400 million QIP
upcoming share sale by the cash-starved lender, the report said. The private lender is looking to raise $350-400 million through a qualified
institutional placement (QIP), which is expected to open within the next two weeks. The scrip was trading at Rs 88.50 apiece, down 0.73 per
cent. The bank is looking to shore up its capital base due to a spike in bad loans.