Transformation In Motion: Yes Bank’s Demat Arm Finds New Home At Yes Securities

Yes Bank announced that the NSDL granted its approval on January 5, 2026, marking a crucial step in its proposed transfer of the Specified Demat Undertaking. The move aims to streamline operations by consolidating demat-related activities under its securities subsidiary, enhancing customer servicing efficiency and regulatory compliance.  

Key Highlights  

• The transfer pertains to the Retail Division’s Specified Demat Undertaking of Yes Bank Limited.  
• The National Securities Depository Limited (NSDL) approved the transfer on January 5, 2026.  
• Post-approval, the bank will execute the Business Transfer Agreement and take other required steps.  
• Yes Securities (India) Limited is a wholly owned subsidiary of Yes Bank engaged in broking and investment services.  
• This restructuring is part of Yes Bank’s strategy to optimize its retail and securities operations.  

Source: Yes Bank Limited filing to BSE and NSE dated January 6, 2026