India’s fourth largest private lender Yes Bank announced 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. This approval subsequent to the Reserve Bank of India’s (RBI) approval granted to YES BANK to sponsor a Mutual Fund followed by SEBI’s in-principle approval received subsequently. Right after when Yes Bank announced it’s plan for mutual fund industry, Care Ratings upgraded the credit rating highlight the strong business portfolio it carries. The share price of Yes Bank finished at Rs 352.40 per piece higher by 1.03% on BSE.
