Mumbai: Premium stock exchange BSE Ltd today signed a Memorandum of Understanding (MoU) with YES Bank aimed at sharing knowledge in SME listing.
The MoU aims at maintaining a synergised approach to create awareness about equity fund raising from primary market for SMEs, retail investor education, as well as comprehensive banking & financial solutions, with various SME sector units, trade associations & policy makers, BSE Chief Business Officer V Balasubramaniam told reporters here.
As per the MoU, YES Bank as a knowledge partner along with BSE will exchange information by conducting joint cluster studies, discussions 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 is focusing on the SME sector as a key driver of future growth in India. With a well-defined MSME policy, customised 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 endeavour 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) and offer for sale (OFS).