Yes Bank has received approval from National Stock Exchange (NSE), India's largest stock exchange to be empanelled as 'Settlement Bank' for National Securities Clearing Corporation (NSCCL), a wholly owned subsidiary of NSE.
Yes Bank will provide comprehensive Settlement & Clearing services suitable to the members by leveraging its state-of-the-art Technology platform coupled with superior service excellence and constant innovation. The services will include electronic funds transfer (ETF) facilities and 'anywhere' banking. Yes Bank will provide facilities including issuing bank guarantees, credit facilities and inter-bank funds transfer as well as free of cost funds transfer across centers for NSE's members.
Yes Bank is already an empanelled Clearing Bank for the BSE, NCDEX and MCX.
Yes Bank is engaged in providing banking services, including corporate and institutional banking, financial markets, investment banking, corporate finance, branch banking, business and transaction banking, and wealth management.