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Yes Bank’s arm receives approval to launch two mutual fund schemes

Yes Bank’s wholly owned subsidiary — Yes Asset Management (India) has received the Securities & Exchange Board of India’s (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 the Bank to sponsor a Mutual Fund followed by SEBI’s in-principle approval received subsequently.

Yes Bank is engaged in providing banking services, including corporate and institutional banking, financial markets, investment banking, corporate finance, branch banking, business and transaction banking, and wealth management.

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