Mumbai: The National Stock Exchange of India Limited (NSE) on Wednesday lifted its prohibition on YES Securities (India) Limited from onboarding new clients. The decision, effective July 1, 2026, follows YES Securities' compliance with a previous NSE order.
Earlier Prohibition and Penalty
YES Securities, a subsidiary of YES Bank Limited, had received an order from the NSE on May 26, 2026. This order imposed a three-month ban on onboarding new clients and a monetary penalty of Rs 2 lakh.
Compliance and Corrective Actions
The company confirmed it complied with all directions from the NSE's May 26 order. It also undertook corrective actions and engaged with the NSE during the verification process.
NSE's Decision
Following these actions, the NSE issued a new order on July 1, 2026. This order formally lifted the prohibition on YES Securities (India) Limited, allowing it to resume onboarding new clients.
Disclaimer: This story is based on company exchange filings and is for informational purposes only. Investors should evaluate risks before making decisions.
