The first BC (Business Correspondent) outlet born out of the tie up between YES Bank and Muthoot Fincorp has opened at North Paravur near Kochi. The joint venture company has revealed that initially the NBFC would roll out two YES Bank products — YES Leap and YES Money. Under Leap, financial services such as credit savings and insurance will be offered to self-help groups through Muthoot’s branches. YES Money is a domestic remittance service. Since finance and banking sector is one such arena signage companies tap good projects, introduction of first BC outlet in the city will be an added business advantage for PSPs, fabricators, sign makers and others engaging in these activities.
