Current Affairs - Banking - Discussion

Yes Bank has received approval from market regulator Securities and Exchange Board of India (Sebi) for acting as custodian of securities. This would enable the bank to play a larger role in channelising domestic and foreign investments into Indian financial market and would enhance bank's current capital market offerings. The bank has taken advantage of its global reach through its international banking team, IFSC banking unit in GIFT City and its representative office in Abu Dhabi as a part of its strategy.