It has also formalised the memorandum of understanding (MoU) signed with the London Stock Exchange (LSE) during Prime Minister Narendra Modi's visit to the UK in November to develop bond and equity issuance, with particular focus on the relatively untapped sector of green infrastructure finance.

The lender in a statement today said it "plans to list a green bond of up to USD 500 million on London Stock Exchange by December 2016. Yes Bank will also evaluate the possibility of raising further capital in London, potentially through the listing of Global Depository Receipts (GDR) as part of its overall USD 1 billion of equity capital raising plans, basis market conditions."

The MoU will help strengthen the increasingly vibrant economic and financial ties between the UK and India, it said.

The MoU was signed by Yes Bank Managing Director and Chief Executive Officer Rana Kapoor and Nikhil Rathi, CEO of LSE Plc at the stock exchange's opening bell ringing ceremony here.

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