Yes Bank gains on receiving approval from RBI for setting up of Mutual Fund, AMC

Yes Bank Ltd. | Bank - Private | BFSI | BSE: 532648 | NSE: YESBANK

12 Oct 2015 Evaluate

Yes Bank is currently trading at Rs. 735.00, up by 9.80 points or 1.35% from its previous closing of Rs. 725.20 on the BSE.

The scrip opened at Rs. 730.00 and has touched a high and low of Rs. 736.50 and Rs. 727.00 respectively. So far 73158 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 910.00 on 04-Mar-2015 and a 52 week low of Rs. 562.05 on 10-Oct-2014.

Last one week high and low of the scrip stood at Rs. 756.70 and Rs. 720.50 respectively. The current market cap of the company is Rs. 30773.00 crore.

The promoters holding in the company stood at 22.04% while Institutions and Non-Institutions held 65.71% and 12.25% respectively

Yes Bank has received an approval from the Reserve Bank of India (RBI) to sponsor a Mutual Fund and to setup an Asset Management Company (AMC) and a Trustee Company. The AMC and the Trust companies shall be set up as wholly owned subsidiaries of the bank. The bank will now apply to SEBI to seek necessary approvals.

The Asset Management Company (AMC) will channelize the savings of retail and institutional investors in equity and debt capital markets. This will complement bank's retail liabilities strategy, and also allow the AMC to leverage the banks distribution network for customer acquisition and provide customers a seamless digical experience for their investments & savings solutions. The Bank will simplify and integrate ‘manufacturing to distribution’ of equity and debt investment products for all its customers.

The AMC will also gain from the Bank's expertise in investment advisory, wealth management solutions, debt capital markets, its significant and growing customer base & distribution network, and overall execution expertise, to build a large and profitable Fund Management franchise.

Yes Bank, India's fifth largest private sector Bank with a pan India presence across alt 29 states and 7 Union Territories of India.

Yes Bank Share Price

22.93 0.41 (1.82%)

08-May-2026 16:59 View Price Chart

Peers

Company Name	CMP
HDFC Bank	781.20
ICICI Bank	1264.80
Axis Bank	1269.40
Kotak Mahindra Bank	380.75
Indusind Bank	949.85
View more..

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