Yes Bank has signed an Memorandum of Understanding (MoU) with BSE Indias premier exchange and the worlds fastest Stock Exchange to empower the SME segment through awareness and knowledge-sharing programmes. Under this MoU, both BSE and Yes Bank will conduct knowledge events for SMEs, export promotion of SME scale companies, in addition to providing banking and financial solutions. This MoU shall further entail services pertaining to development and imparting industry-specific and related knowledge-based information. The Bank will also offer customised services and products to the listed SME members of the platform and advisory solutions to EXIM potential listed SMEs.
Speaking on the collaboration, Rajan Pental, Global Head Retail Banking at Yes Bank said, The SME sector generates maximum employment in the country and is a key priority segment for Yes Bank . We 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. We are excited to partner with BSE and believe that our joint efforts will meaningfully impact the ecosystem. Together, we aim to empower SMEs to become more competitive and fast-track their growth through solutions that address their business challenges.
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Ajay Thakur, Head BSE SME & Startups, said, Yes Bank is a high quality, tech-driven, state-of-the-art private Indian bank catering to Emerging India with a strong focus on knowledge-based approach to banking. 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 an SME Platform to raise equity funds for their growth.