Yes Bank Limited has informed the Exchange about Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
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Yes Bank has received approval from NSDL on January 5, 2026 for transferring its Specified Demat Undertaking (the depository services business under its Retail Division) to YES Securities (India) Limited, its wholly-owned subsidiary. This follows the Bank's earlier disclosure dated January 1, 2026, where it had said it would update exchanges once NSDL approval came through. The Bank will now proceed with the Business Transfer Agreement and other necessary steps to complete the transfer. This is an internal group restructuring, not a deal with an outside party.
This is an internal portfolio reshuffle moving the demat business into the Bank's brokerage arm, which may help YES Securities expand its service offerings. Shareholders are unlikely to see a major direct impact as no new equity is being issued and no outside counterparty is involved.