Asia’s first & fastest stock exchange, BSE has signed a 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 equity fund raising from primary market for SME’s, retail investor education, as well as comprehensive banking & financial solutions, with various SME sector units, trade associations & 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, discussion at branch, regional and zonal levels to meet desired objective. 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, has 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.