National Stock Exchange of India Limited (NSE) lifted the prohibition on YES Securities (India) Limited regarding the onboarding of new clients effective July 01, 2026. The decision follows the subsidiary's compliance with the exchange's directives and the implementation of required corrective actions. YES Securities is a subsidiary of Yes Bank .

The regulatory action stems from an NSE order dated May 26, 2026, which had prohibited YES Securities from onboarding any new clients for a period of three months. Alongside the business restriction, the exchange imposed a monetary penalty aggregating to ₹2 lakh. The subsidiary has since engaged proactively with the NSE during the verification process to address the compliance issues.

In a disclosure submitted to the exchanges under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Yes Bank stated that its subsidiary demonstrated a constructive approach in resolving the matter. The lifting of the ban allows YES Securities to resume normal business operations regarding client acquisition.

The following table summarizes the key regulatory events:

The information regarding the lifting of the prohibition is available on the websites of BSE Limited and NSE, hosted pursuant to the Listing Regulations.

Yes Bank has received a consolidated order giving effect (OGE) from the Jurisdictional Assessing Officer determining an income-tax refund of ₹879 Crores. This decision follows the Bank's successful appeals against previous assessment and reassessment orders for Assessment Year 2018-19. The refund amount includes interest income determined under Section 244A of the Income-tax Act and the tax benefit of a certain expense claimed in the return, collectively exceeding the materiality threshold of ₹120 Crores prescribed under the amended Listing Regulations.

The Bank had initially received an assessment order under Section 143(3) of the Income-tax Act in February 2020 for AY 2018-19, which included certain additions and disallowances. Subsequently, the Bank faced reassessment proceedings under Section 147 read with Section 144B of the Act in March 2024, resulting in an additional tax demand of ₹112.81 Crores, including interest. This demand was disclosed to the exchanges via a letter dated March 28, 2024.

Aggrieved by the additions in both orders, the Bank filed appeals before the first-level appellate authority. The appellate authority passed orders in favor of the Bank regarding the assessment and reassessment on October 27, 2025, and December 30, 2025, respectively. These rulings paved the way for the Jurisdictional Assessing Officer to issue the consolidated OGE determining the refund.

The disclosure was made to the National Stock Exchange of India Limited and BSE Limited in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing references the SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

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