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BSE signs strategic partnership with YES Bank for SME listing

The MoU aims at maintaining a synergised approach to create awareness about equity fund raising from primary market for SMEs.

(Photo: Reuters) (Photo: Reuters)

The Bombay Stock Exchange (BSE) on Wednesday signed a Memorandum of Understanding (MoU) with YES Bank aimed at sharing knowledge in the small and medium enterprises (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 and policy makers, BSE Chief Business Officer V Balasubramaniam told reporters here.

As per the agreement, 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 objectives.

BSE, which is the largest stock exchange in the world in terms of listed companies, 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 the country. 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 the country.

Premium bourse BSE 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 segments.

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).