YES Bank gets NSDL nod to transfer retail demat undertaking to YES Securities

YES Bank on January 6 said it has received the approval from the National Securities Depository Limited (NSDL) for the proposed transfer of its demat undertaking under the retail division to YES Securities (India), a subsidiary of the bank.

In a regulatory disclosure, the lender said the approval was granted by NSDL on January 5, 2026. The transfer relates to the demat undertaking under the retail division, which the bank had earlier informed the exchanges about on January 1, 2026, stating that it

would notify them once the depository’s approval was received.

Following the nod, YES Bank said it will take all further necessary steps required for the proposed transfer, including the execution of the business transfer agreement. The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and has been shared with both the National Stock Exchange of India and BSE.

Also read: Yes Bank focuses on profitable growth amid deposit mobilisation challenges: CEO Prashant Kumar

The bank also said the relevant information has been hosted on its website in line with listing regulations. The approval marks a key regulatory step in the proposed internal restructuring of its retail demat operations, enabling the demat undertaking to be housed within its securities subsidiary.

YES Bank shares ended higher at ₹22.84 on January 6, up ₹0.01 or 0.04%.