YES Bank gains 3% post SEBI's approval to launch mutual fund business

The stock was up 3% at Rs 346 on the BSE after the bank said that it has received the final regulatory approval SEBI to commence its mutual fund business. Shares of YES Bank were trading 3% higher at Rs 346 per share on the BSE after the bank said that it has received the final regulatory approval (Certificate of Registration) from the Securities & Exchange Board of India (SEBI) to commence its mutual fund business. YES Bank was the top gainer among the S&P BSE Sensex and Nifty 50 stocks at 09:58 am. "YES Asset Management (India) Limited ('YAMIL') will leverage YES Bank's knowledge banking expertise and relationship capital across retail, corporate and institutional investors to effectively channelize their assets in equity and debt capital markets,” said Rana Kapoor, Managing Director & CEO, YES Bank.

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