The partnership aims at sharing knowledge in SME listing
Mumbai, October 22, 2014:Asia’s first & fastest stock exchange, BSE has signed a first of its kind Memorandum of Understanding (MoU) with YES BANK, India’s fourth largest private sector Bank. The MoU aims at maintaining a synergized approach to create awareness about listing procedures for SME’s , retail investor education, as well as comprehensive banking & financial solutions, amongst various SME sector units, trade associations & various policy makers. This MoU was signed in Mumbai on 22nd October 2014.
As per the MoU, YES BANK as a Knowledge Partner along with BSE will exchange information by conducting joint cluster studies, discussions across wide network of YES BANK branches, joint participation in regional and zonal forums to meet desired objectives of the partnership. BSE would also conduct workshops for the officials of the Bank to keep them abreast of the services offered by them.
YES BANK has, since inception, focused on the SME sector as a key driver of future growth in India. With a well defined MSME policy, customized products and local credit delegation, YES BANK aims to bring inclusive growth for SMEs through its strong national footprint of over 575 branches spread across all states and union territories of India.
BSE, the largest stock exchange in the world in terms of listed companies, in its endeavor to bring transparency and accuracy to the market, has taken several initiatives and has been steadily increasing its market share in both cash and derivatives segment. It has also achieved market leadership in many other products like the BSE SME platform, BSE Star MF (the Mutual Fund distribution through stock exchange mechanism), Offer for Sale, etc.
About BSE Limited
BSE (formerly Bombay Stock Exchange Ltd.) – Established in 1875, BSE Ltd. (formerly known as Bombay Stock Exchange Ltd.), is Asia’s first Stock Exchange and one of India’s leading exchange groups and has played a prominent role in developing the Indian capital market. BSE is a corporatized and demutualised entity, with a broad shareholder-base which includes two leading global exchanges, Deutsche Bourse and Singapore Exchange as strategic partners. BSE provides an efficient and transparent market for trading in equity, debt instruments, equity derivatives, currency derivatives, interest rate derivatives, mutual funds and stock lending and borrowing. BSE also has a dedicated platform for trading in equities of small-and-medium enterprises (SME). BSE Group provides a host of other services to capital market participants including risk management, clearing, settlement, market data services and education. It has a global reach with customers around the world and a nation-wide presence. BSE systems and processes are designed to safeguard market integrity, drive the growth of the Indian capital market and stimulate innovation and competition across all market segments. Indian Clearing Corporation Limited, the wholly owned subsidiary of BSE, acts as the central counterparty to all trades executed on BSE platform and provides full innovation guaranteeing the settlement of all bonafide trades executed on the BSE Platform.Central Depository Services Ltd. (CDSL), a BSE subsidiary of is one of the two central depository services in India. BSE Institute Ltd, a fully owned subsidiary of BSE, runs one of the most respected capital market educational institutes in the country.
ABOUT YES BANK
YES BANK, India’s fifth largest private sector Bank with a pan India presence across all 29 states and 7 Union Territories of India, headquartered in the Lower Parel Innovation District (LPID) of Mumbai, is the outcome of the professional & entrepreneurial commitment of its Founder Rana Kapoor and its top management team, to establish a high quality, customer centric, service driven, private Indian Bank catering to the future businesses of India. YES BANK has adopted international best practices, the highest standards of service quality and operational excellence, and offers comprehensive banking and financial solutions to all its valued customers.
YES BANK has a knowledge driven approach to banking, and offers a superior customer experience for its retail, corporate and emerging corporate banking clients. YES BANK is steadily evolving as the Professionals’ Bank of India with the long term mission of “Building the Best Quality Bank of the World in India” by 2020.
For media queries, please contact:
YES BANK Limited
Ph.: +91 22 66699153