YES Bank share price rises 3% on partnership with Northern Arc to extend lending offerings

YES Bank shares rose 3% after announcing a strategic partnership with Northern Arc Capital to expand lending, co-lending, wealth and investment products for its customers. The collaboration, facilitated by SMBC (YES Bank's largest shareholder), will integrate Northern Arc's technology platforms (nPOS, NIMBUS, NuScore) with YES Bank's digital lending architecture and leverage Northern Arc's network of 368 originator partners for credit deployment. The alliance also covers distribution of Alternative Investment Funds (AIFs), Portfolio Management Services (PMS), and fixed-income products through Altifi.