YES BANK has received approval from National Securities Depository Limited (NSDL) on January 5, 2026, for the proposed transfer of its Specified Demat Undertaking to YES Securities (India) Limited, a subsidiary. The bank will now proceed with further necessary steps, including the execution of a Business Transfer Agreement. This move aims to streamline operations within the YES BANK group.
Demat Undertaking Transfer Approved
YES BANK announced that it has received official approval from the National Securities Depository Limited (NSDL) regarding the transfer of its Demat Undertaking.
Details of the Transfer
The approval, granted on January 5, 2026, pertains to the proposed transfer of the Specified Demat Undertaking from YES BANK to YES Securities (India) Limited. YES Securities is a subsidiary of YES BANK. The bank stated that it will be taking all necessary actions, including the execution of the Business Transfer Agreement, to complete the process.
Source: BSE
