Private lender Yes Bank today said it has received a binding offer for a $1.2-billion funding from an overseas investor through fresh issuance of equity shares.

This is is subject to regulatory and bank’s Board and shareholders approvals, it said. “The bank also continues to be in advanced discussions with other global and domestic investors,” it said.Earlier in August, the bank had raised Rs 1,930.46 crore through qualified institutional placement to fund its business expansion.