Yes Bank has executed a share subscription and shareholders agreement, agreeing to subscribe for 20,00,000 equity shares of Receivables Exchange of India (RXIL) which is equivalent to 8% of the post-issue paid-up capital of RXIL, as per the terms of the aforesaid agreement.
RXIL is a joint venture company setup by NSE Strategic Investment Corporation and Small Industries Development Bank of India.
Yes Bank, India’s fifth largest private sector Bank, has a pan India presence across all 29 states and 7 Union Territories of India. The 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.
