YES BANK has announced that pursuant to the final regulatory approval (Certificate of Registration) from the Securities & Exchange Board of India (SEBI) to commence its Mutual Fund business, YES Asset Management (India) Limited, the wholly owned subsidiary of YES BANK has received SEBI approval to launch:
- YES Liquid Fund and
- YES Ultra Short Term Fund
This approval is 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.
Shares of YES BANK LTD. was last trading in BSE at Rs.178 as compared to the previous close of Rs. 169.65. The total number of shares traded during the day was 9237440 in over 53784 trades.
The stock hit an intraday high of Rs. 179.55 and intraday low of 165.4. The net turnover during the day was Rs. 1600296342.