YES Bank Limited on Tuesday disclosed that its subsidiary, YES Securities (India) Limited, has been barred by the National Stock Exchange of India Limited from onboarding new clients for three months and has also been fined a total of ₹2 lakh for regulatory violations.
“We hereby inform that YES Securities (India) Limited (subsidiary of YES Bank Limited) has received an order dated May 26, 2026, from National Stock Exchange of India Limited imposing the following penalty/prohibition on YES Securities (India) Limited as Trading Member,” YES Bank said in its exchange filing.
According to a stock exchange filing by the private lender, the NSE order dated May 26, 2026, imposed a monetary penalty of ₹1 lakh on YES Securities for “passing on penalty pertaining to upfront/peak margin to clients”.
In addition, the brokerage arm has been prohibited from onboarding any new clients for a period of three months from the date of the order, and has been imposed a monetary penalty of ₹1 lakh.
YES Bank said YES Securities is “in the process of taking necessary corrective action(s)” and added that the order will have “no material impact” on the financials, operations, or other activities of the bank.
The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
