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).