December 2016 Current Affairs

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Yes Bank gets Sebi's nod for custodian services

Yes Bank gets Sebi's nod for custodian services
07 May 2016 Current Affairs: India's fifth largest Private sector lender Yes Bank has received a ‘Custodian of Securities’ licence from the markets regulator SEBI to allows the entity to offer custodial services to financial market participants, including FIIs and foreign portfolio investors (FPIs).

The bank has given a year to establish the business by developing the operational, tech and human capital capabilities. The bank had earlier received the RBI’s approval to enter the CoS business. Once it receives the final nod, it can offer custodial services to financial market participants, including foreign portfolio investors which would help its fee-based income.

As per the MD of the bank Mr. Rana Kapoor the custodian services will complement its capital market offerings and help it channelize domestic and foreign investments into the country. 

The size of custodial business in India is steadily growing with increasing value of assets under custody as well as newer investor classes such as Portfolio Management Services (PMS) and Alternative Investment Funds (AIF)opting for custody services.


December 2016 Current affairs

November 2016 Current affairs
30 NOV
NEWS
29 NOV
NEWS
28 NOV
NEWS
26 NOV
NEWS
25 NOV
NEWS
24 NOV
NEWS




October 2016 Current affairs
31 OCT
NEWS
27 OCT
NEWS
26 OCT
NEWS
25 OCT
NEWS
24 OCT
NEWS
22 OCT
NEWS

September 2016 Current affairs
30 SEP
NEWS
29 SEP
NEWS
28 SEP
NEWS
27 SEP
NEWS
26 SEP
NEWS
24 SEP
NEWS

August 2016 Current affairs
31 AUG
NEWS
30 AUG
NEWS
29 AUG
NEWS
27 AUG
NEWS
26 AUG
NEWS
25 AUG
NEWS



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