I think this could be another reason for the recent rally
Clarification from Yes bank
“Yes Bank LeRemitt in pact to enable smooth cross border transactions for MSMEs”.
“In this regard, the Bank would like to clarify that the news regarding the Bank’s tie-up with
LeRemitt, a fintech start-up is in the normal course of business of the Bank to enable Digital
solutioning for the MSME customers of the Bank. This arrangement is currently at a nascent
stage and has absolutely no material impact on the business volumes or revenues of the Bank. “
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