YES Bank has approved the transfer of its Demat Undertaking under the Retail Division to its subsidiary, YES Securities (India) Limited. The effective date for this transaction is set for January 01, 2026, subject to regulatory approvals. The consideration for the transfer is INR 64,75,715. This move aims to enhance customer service and aligns with the Group’s strategic objectives.
Demat Business Transfer
YES Bank has approved the transfer of its Demat Undertaking, specifically the Retail Division, to YES Securities (India) Limited. This transfer is structured as a Business Transfer Agreement and is intended to streamline operations and enhance service offerings within the group.
Key Transaction Details
The effective date for this transfer is scheduled for January 01, 2026. The transaction is subject to customary regulatory approvals. The total consideration for this transfer is valued at INR 64,75,715.
Parties Involved
The transfer involves YES Bank Limited as the seller and YES Securities (India) Limited, a subsidiary of YES Bank, as the buyer. YES Securities is registered with SEBI and provides stockbroking, depository participant, and investment advisory services.
Strategic Rationale
This transfer aligns with the group’s strategic objectives to enhance customer service. By consolidating the Demat Undertaking within YES Securities, the bank anticipates improved efficiencies and a more focused approach to serving its retail clients.
Financial Impact
The turnover of the Undertaking being transferred is less than 0.05% of the Total Income of YES Bank. This transaction qualifies as a related party transaction and has been executed at Arm’s Length.
Financial Performance of Entities
For the financial year 2024-25, YES Bank Limited reported a turnover of INR 36,751.77 crores and total assets of INR 4,23,422.30 crores. YES Securities (India) Limited recorded revenue of INR 341.69 crores and total assets of INR 1,271.85 crores for the same period.
Source: BSE
