Yes Bank – Bada Business

Yes Bank Targets Startup Sector, Ties Up With GVFL To Support the Growth of Indian Startup Ecosystem

Mumbai, April 4: With an aim to help startups, lender Yes Bank has tied up with GVFL Limited to broaden its services for the start-up sector. The two companies have entered into a Memorandum of Understanding (MoU) to strengthen Fintech-led innovation and support the growth of the Indian startup ecosystem.

Under the pact, the MoU will enable the bank to offer various products, digital banking solutions, and many other facilities that will benefit the startups associated with GVFL Limited, Yes Bank said in a statement. The bank will offer its curated digital transaction banking product suite, including its flagship API-based offerings to startups and FinTech companies.

Furthermore, the MoU would promote innovation and investments across India by leveraging the capabilities of GVFL and the Yes bank, the statement added.

Good News For SMEs! BSE Joins Hands With Yes Bank to Empower Small And Medium Enterprises

Mumbai, September 30: Bombay Stock Exchange (BSE) on Monday said it has signed a pact with Yes Bank to empower the small and medium enterprises (SMEs) listed on the platform. In a statement, BSE said that the pact aims at empowering the SME segment through awareness and knowledge-sharing programmes.

According to a PTI report, BSE and Yes Bank will conduct knowledge events for SMEs, export promotion of SMEs, in addition to providing banking and financial solutions. The bank will also offer customised services and products to the listed SME members of the platform.

Ajay Thakur, head BSE SME and startups said, “We are happy to associate with Yes Bank and jointly work towards helping SMEs scale and develop themselves. BSE is the largest SME Platform which will provide the SME clients of Yes Bank.”

SME sector generates maximum employment in the country and is a key priority segment for the bank. The bank will remain focused on playing an active role in contributing to this vital economic growth engine and further strengthen the share of the SME segment in the total loan book. The entire objective is to empower SMEs to become more competitive and fast-track their growth through solutions that address their business challenges.