White Oak Management to acquire Yes Bank's asset management business.

White Oak Management, a boutique private equity firm, agreed to acquire Yes Bank's asset management businesses, YES Asset Management (India) and YES Trustee. Financial terms were not disclosed. YES Bank’s decision to sell the AMC business is part of its strategy to focus on its core business. In a stock exchange disclosure, the lender revealed the AMC’s contribution to the bank’s bottom line and net worth, which were negligible in 2019-20.