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Yes Bank Awaits NSDL Nod for Transfer of Retail Demat Business to Subsidiary

Story Highlights
  • Yes Bank reiterates plan to transfer its retail demat undertaking to subsidiary Yes Securities, with details unchanged.
  • Completion of the demat business transfer is delayed pending NSDL approval, with a revised timeline to be confirmed later.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Yes Bank Awaits NSDL Nod for Transfer of Retail Demat Business to Subsidiary

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The latest update is out from Yes Bank Limited ( (IN:YESBANK) ).

Yes Bank has updated the stock exchanges that its planned transfer of the specified demat undertaking under its retail division to its subsidiary, Yes Securities (India) Limited, remains pending regulatory clearance from National Securities Depository Limited. The bank stated that there is no change to the details previously disclosed about the transaction, other than a revision to the expected completion timeline, and it will notify exchanges once NSDL’s approval is received and has also made the disclosure available via links on its website in line with listing regulations.

More about Yes Bank Limited

Yes Bank Limited is an Indian private sector bank offering a wide range of retail and corporate banking services, alongside investment and securities-related offerings through its subsidiaries. The bank operates across key urban and semi-urban markets, with a focus on strengthening its retail franchise and capital markets-linked businesses, including through its subsidiary Yes Securities (India) Limited.

Average Trading Volume: 10,726,070

Technical Sentiment Signal: Hold

Current Market Cap: 670.5B INR

For an in-depth examination of YESBANK stock, go to TipRanks’ Overview page.

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