06 July 2018

YES Bank Gets SEBI Nod To Launch Mutual Fund Business

YES Bank Gets SEBI Nod To Launch Mutual Fund Business


Private lender YES Bank announced that it has received final regulatory approval from the Securities & Exchange Board of India (SEBI) to start mutual fund business.

This approval is subsequent to the Reserve Bank of India's (RBI) approval. YES Asset Management (India), a wholly owned subsidiary of YES Bank, will launch fund offerings across the spectrum in both debt and equity markets over the next 6-12 months.

Source- The Hindu Business Line

Static/Current Takeaways Important for NABARD Grade-A Exam 2018-
  • Yes Bank MD and CEO- Rana Kapoor.
  • Head office of Yes Bank- Mumbai.
  • YES BANK is India’s fifth largest Private Sector Bank (PSB).

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