YES Bank has concluded a share subscription and shareholders’ agreement with the Receivables Exchange of India (RXIL) to subscribe for 20 lakh equity shares of the exchange. The bank has an equity capital of Rs 421 crore with face value per share of Rs 10. The 20 lakh shares in RXIL will mean 8% holding in the paid-up capital of the company. RXIL is a joint venture company setup by NSE Strategic Investment Corporation and Sidbi.
