‘Loan against Securities’ is an unique digital solution launched by the YES Bank under its loan in seconds platform. “Loan against Securities” will enable customers to avail loan facility against the securities that they hold. The customers are required only to pledge the securities and not selling them.
WARRIOR 3.0 | Banking Awareness Batch for SBI, RRB, RBI and IBPS Exams | Bilingual | Live Class
YES Bank will open a current account in the name of the customer in order to conduct smooth transactions. The securities eligible under the “Loan against Securities” facility are: Shares, Equity & Debt Mutual Funds, Kisan Vikas Patra (KVP), Fixed Maturity Plans (FMP), Insurance policies issued by LIC and select Private Insurance Companies, Non-Convertible Debentures (NCD), Tax free Bonds (RBI, NABARAD, NHAI, PFC, IRFCL, HUDCO, IIFCL, NHB, REC, and IREDA).
Important takeaways for all competitive exams:
Government of Uttar Pradesh has renamed the Bhadohi district to Sant Ravidas Nagar Bhadohi. This…
The handover of the Olympic Council of Asia (OCA) flag officially took place in the…
Seven train stations that have been recognized due to their unique architectural designs, urban planning,…
The Nobel Prize in Physiology or Medicine for 2026 was awarded jointly to Karl Deisseroth,…
Traditional architecture in India is not just about beauty; it also offers practical solutions to…
The death of a worker at the Irkutsk Anti-Plague Research Institute in Russia’s Irkutsk region,…