Axis Securities has announced the launch of ‘YIELD’ – an online platform to buy and sell bonds as well as debentures in the secondary market. By offering competitive rates and technical know-how, YIELD would empower the investors to make the right investment decision. The trades and settlement of transactions executed will be reported on the BSE NDS (new debt segment) platform.
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About the YIELD:
- “YIELD is the first-of-its-kind initiative that allows retail investors direct access to the debt instruments,” the brokerage house said in a statement.
- This new tool will remove the hassle of filling up physical forms or the need for separate KYC with the bond institutions, it added.
- To facilitate transactions only insecure options, it aggregates only ‘AAA’ to ‘A’ rated quality debt instruments available for investment in the secondary market.
Important takeaways for all competitive exams:
- Axis Bank Commenced operations: 1994.
- Axis Bank Headquarters: Mumbai, Maharashtra.
- Axis Bank Tagline: Dil Se Open.
- Axis Bank MD and CEO: Amitabh Chaudhry.
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