On September 28, 2020, BSE (formerly Bombay Stock Exchange) had signed an Memorandum of Understanding (MoU) with Yes Bank in order to empower the Small and Medium Enterprises (SMEs) that are listed on the BSE through awareness and knowledge-sharing programmes.
BSE and YES bank through this partnership aims to make SMEs more competitive and to fast-track their growth through solutions that address their business challenges.
Provisions of MoU
i.As per the MoU, BSE and YES bank will conduct knowledge events for SMEs, export promotion of SMEs and provide banking and financial solutions.
iiThis MOU will further involve services concerning the development and imparting industry-specific and related knowledge-based information.
iii.YES bank will offer the listed SME members of the platform, the customised services and products. It will also offer advisory solutions to EXIM potential listed SMEs.
General Info about BSE
i.BSE had launched India International Exchange (IFSC) Limited (India INX), India’s 1st international exchange, located at Gujarat International Finance-Tec City (GIFT City) IFSC in Ahmedabad. India INX is a subsidiary of BSE.
Recent Related News:
On July 13, 2020 BSE(formerly Bombay Stock Exchange) informed that it has signed a Memorandum of Understanding(MoU) with IIT Alumni Council to encourage the listing of startups and develop a ‘High Investor Depth’ platform for those startups.
About BSE (formerly Bombay Stock Exchange):
Managing Director(MD) and Chief Executive Officer(CEO)– Ashishkumar Chauhan
Head Office– Mumbai, Maharashtra
About YES Bank:
MD & CEO– Prashant Kumar
Headquarters– Mumbai, Maharashtra