YES BANK has released its Annual Secretarial Compliance Report for the financial year ended March 31, 2026. The report confirms that the bank has adhered to all applicable corporate governance standards and regulatory requirements during the review period. As part of its transparent corporate disclosure process, the bank continues to maintain high standards in its board meetings, policy adoptions, and website disclosures, ensuring full compliance with prevailing corporate laws and statutory provisions.
Commitment to Corporate Governance
YES BANK has successfully completed its secretarial review for the fiscal year concluding on March 31, 2026. Conducted by BNP & Associates, the independent assessment confirms that the bank maintains robust governance practices. The review process verified all key statutory books, minutes, and filings, ensuring that the institution remains in full alignment with necessary legal frameworks and mandatory corporate standards.
Compliance and Oversight Highlights
The secretarial audit confirmed several key operational successes for the bank throughout the financial year:
- Secretarial Standards: The bank is in full compliance with all standards issued by the Institute of Company Secretaries of India (ICSI) regarding board meetings, committee oversight, and general meetings.
- Policy Adherence: All internal policies have been reviewed, updated, and approved by the Board of Directors.
- Website Transparency: The bank continues to maintain a functional and updated website, ensuring timely disclosure of all mandatory documents and information to stakeholders.
- Related Party Transactions: All related party dealings were conducted with prior approval from the Audit Committee, adhering to strict transparency protocols.
Legal and Regulatory Status
Regarding historical legal matters, the report notes that a case pertaining to the 2020-21 fiscal year remains pending before the Securities Appellate Tribunal (SAT). The bank is currently engaged in the legal process following a previous penalty imposition related to the historical sale of AT-1 Bonds. The matter is currently scheduled for further arguments before the tribunal on July 28, 2026. Aside from this ongoing legacy matter, no new instances of non-compliance were observed during the current review period.
Source: BSE
