YES Securities (India) Limited, a subsidiary of Yes Bank, has been penalised by the National Stock Exchange of India Limited (NSE) with a monetary fine of ₹1 lakh. The penalty was imposed for passing on penalties related to upfront or peak margins to its clients. Additionally, YES Securities has been prohibited from onboarding any new clients for a period of three months starting from the date of the order, which was issued on 26 May 2026.
The regulatory action comes under the purview of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The decision to impose these penalties highlights the importance of compliance with financial regulations and the consequences of lapses in adherence.
YES Securities has stated that it is in the process of implementing necessary corrective actions in response to the NSE order. The company has assured that there is no material impact on the financials, operations, or other activities of its parent company, Yes Bank Limited.
The details of the order and the penalties imposed have been made available on the websites of both BSE Limited and the National Stock Exchange of India Limited. These developments have also been updated on Yes Bank’s official website in accordance with the Listing Regulations.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).