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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.

Topics
Yes Bank  |  Sebi  |  Mutual Fund

SI Reporter  |  Mumbai 

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 ...

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First Published: Thu, July 05 2018. 10:00 IST
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