Yes Bank receives SEBI approval to launch mutual fund business

6 July 2018 | 2 minutes read

India’s privately owned Yes Bank has received regulatory approval from the Securities and Exchange Board of India (SEBI) to launch its asset management business, the bank announced in a press release. SEBI’s final approval comes after the Reserve Bank of India (RBI) gave Yes Bank the green light to sponsor a mutual fund in 2015. The new wholly owned subsidiary will…

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