YES Securities to surrender merchant banking license, transfer business to Yes Bank

YES Bank's statement highlighted that the move is part of a broader restructuring initiative aimed at seizing market opportunities

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26 Aug, 2025 12:21

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Yes Bank on January 27 said its board has given the approval for the transfer of investment banking and merchant banking businesses from YES Securities (India) Limited (YSIL), its wholly-owned subsidiary, to the bank. In an exchange filing, the lender noted that YES Securities will surrender its merchant banking license.

The board said the the transfer of business will come into effect from the date of January 1, 2024.

Yes Bank suggested that the move is part of a broader restructuring initiative aimed at seizing market opportunities.

"The transfer of Investment Banking Business and Merchant Banking Business of YSIL to the Bank is being undertaken as a strategic measure to leverage opportunities and optimize growth within the group," it added.

YSIL, it said, has submitted an application before the Securities and
Exchange Board of India (SEBI) to surrender its merchant banking license as on January 11, 2024.

The bank further said YSIL will continue to focus on its core business activities, particularly its broking business, and further explore cross selling opportunities to retail clients.

Meanwhile, Yes Bank also declared its quarterly results today, with the net profit rising by 350 percent on-year to Rs 231.6 crore in the October-December period. The lender's gross non-performing assets (NPA) remained steady at 2 percent, while net NPA improved to 0.9 percent.