Mumbai, January 7, 2026: YES Bank Ltd (BSE: 532648, NSE: YESBANK) has received a critical approval to proceed with the transfer of its Specified Demat Undertaking under the retail division to its wholly owned subsidiary, YES Securities (India) Limited, marking an important step in streamlining its capital markets operations.
The approval was granted on January 5, 2026, clearing the way for the bank to move ahead with the proposed internal reorganisation. Following this clearance, YES Bank will initiate the remaining procedural steps, including the execution of a Business Transfer Agreement to formally complete the transaction.
Strategic Rationale
The transfer of the retail demat undertaking is aimed at consolidating brokerage and depository-related activities within YES Securities, allowing the bank to sharpen its focus on core banking operations while enabling its subsidiary to scale up capital market services more efficiently. The move is aligned with the group’s broader strategy to optimise operational structures and enhance service delivery in wealth management and securities trading.Background of the Transaction
YES Bank had earlier indicated that the proposed transfer was subject to necessary approvals, after which it would proceed with implementation. With this approval now in place, the transaction has moved into the execution phase.About the Company
YES Bank Limited is a private sector bank listed on both BSE and NSE, offering a wide range of banking and financial services across corporate, retail, MSME, and digital banking segments. YES Securities (India) Limited, its wholly owned subsidiary, provides brokerage, investment, and capital market-related services to retail and institutional clients.Source:
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