Regulatory26 May 2026, 10:01 pm
Yes Securities Fined ₹2 Lakh by NSE, New Client Ban for 3 Months
AI Summary
YES Bank Ltd reports that its subsidiary, YES Securities (India) Limited, received an order from the National Stock Exchange of India Limited on May 26, 2026, imposing a monetary penalty of ₹1 lakh for passing on upfront/peak margin penalties to clients. Additionally, YES Securities is prohibited from onboarding new clients for three months and faces another ₹1 lakh penalty. YES Securities is taking corrective actions. YES Bank states that this has no material impact on its financials or operations.
Key Highlights
- YES Securities fined ₹1 lakh for margin penalty transfer to clients.
- NSE prohibits YES Securities from onboarding new clients for 3 months.
- Additional ₹1 lakh penalty imposed on YES Securities.
- YES Securities is taking corrective actions.
- YES Bank reports no material impact from the penalty.