Yes Bank Awaits NSDL Approval for Demat Undertaking Transfer to Subsidiary
Yes Bank Limited (YBL) has provided an update regarding the proposed transfer of its Demat Undertaking under the Retail Division to its subsidiary, YES Securities (India) Limited. This announcement fo...
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Why is Yes Bank Limited in the news today?
Yes Bank Limited (YESBANK) is in the news due to the announcement is a routine update on a pending regulatory approval and does not contain any new financial information or significant business developments that would sway sentiment.
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Yes Bank Awaits NSDL Approval for Demat Undertaking Transfer to Subsidiary
January 1, 2026, 05:19 PM
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Yes Bank Limited (YBL) has provided an update regarding the proposed transfer of its Demat Undertaking under the Retail Division to its subsidiary, YES Securities (India) Limited. This announcement follows up on a previous disclosure made on October 18, 2025. The bank is currently awaiting approval from the National Securities Depository Limited (NSDL) to proceed with the transfer. Upon receiving the necessary approval from NSDL, the bank will promptly inform the stock exchanges. The bank has also stated that there are no changes to the information previously intimated on October 18, 2025, other than the expected completion date for the sale or disposal. The bank's website, www.yes.bank.in, will host the relevant information from both BSE Limited and the National Stock Exchange of India Limited, in compliance with listing regulations.
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