YES BANK Limited disclosed that its subsidiary, YES Securities (India) Limited, received an order dated May 26, 2026 from the National Stock Exchange of India Limited (NSE). The order imposes penalties and restrictions on YES Securities as a Trading Member.
The specific penalties include:
- A monetary penalty of ₹1 lakh for passing on penalty pertaining to upfront/peak margin to clients
- Prohibition from onboarding any new clients for a period of 3 months from the date of the order (May 26, 2026)
- An additional monetary penalty of ₹1 lakh
YES Securities (India) Limited is in the process of taking necessary corrective actions in response to the order.
The disclosure explicitly states that there is no material impact on the financials, operations or other activities of YES BANK Limited as a result of this action against its subsidiary.
The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The weblink to the exchange notices is being hosted on the Bank's website www.yes.bank.in as required by the Listing Regulations.