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).