Annual Secretarial Compliance Report for the Financial year ended March 31, 2025
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Yes Bank has submitted its Annual Secretarial Compliance Report for the financial year ended March 31, 2025, as mandated under SEBI LODR Regulations. The report, prepared by BNP & Associates (the Bank's Secretarial Auditor), confirms the Bank complied with all applicable SEBI regulations, circulars, and secretarial standards during the review period. No new deviations, violations, or enforcement actions by SEBI or stock exchanges were recorded during FY25. None of the directors are disqualified, no statutory auditor resigned, and no additional non-compliance was observed. The Bank also confirmed its wholly owned subsidiary, YES Securities (India) Ltd, ceased to be a wholly owned subsidiary w.e.f. October 30, 2024, but continues as a subsidiary. The report also notes a legacy matter — the FY 2020-21 AT-1 Bonds show cause notice — remains pending before the Securities Appellate Tribunal (SAT), Mumbai, with the next hearing scheduled for July 18, 2025.
This is a routine annual compliance filing with no new adverse findings, which is a neutral-to-positive signal for shareholders as it confirms clean regulatory standing for FY25. The only open legal matter is the older AT-1 Bonds case before SAT, which has been pending since 2020 and carries no fresh development in this filing.