Description

BSE notifies that Union Bank of India and Yes Bank Limited will not be available for trading in T+0 rolling settlement cycle on December 31, 2025.

Summary

BSE has notified trading members that two banking stocks - Union Bank of India (UNIONBANK) and Yes Bank Limited (YESBANK) - will not be available for trading in the T+0 rolling settlement cycle on Wednesday, December 31, 2025. This is a temporary restriction for a specific settlement cycle on a single trading day.

Key Points

  • Two scrips excluded from T+0 trading: Union Bank of India (Scrip Code: 132477) and Yes Bank Limited (Scrip Code: 132648)
  • Restriction applies only to T+0 rolling settlement cycle
  • Effective date: December 31, 2025 (Wednesday)
  • Notice issued on December 2, 2025
  • Notice Number: 20251202-19
  • Trading members are required to note this change

Regulatory Changes

No permanent regulatory changes introduced. This is a temporary operational adjustment for T+0 settlement cycle trading on the specified date.

Compliance Requirements

  • Trading members must ensure these scrips are not offered for T+0 settlement cycle trading on December 31, 2025
  • Members should inform their clients about the unavailability of these scrips in T+0 cycle
  • Regular T+1 and other settlement cycles remain unaffected for these securities

Important Dates

  • Notice Date: December 2, 2025
  • Effective Date: December 31, 2025 (Wednesday)

Impact Assessment

Market Impact: Medium - affects only T+0 intraday trading for two major banking stocks on a single day. Traders seeking same-day settlement for these scrips will need to use alternative settlement cycles.

Operational Impact: Low to Medium - trading members need to adjust their systems and inform clients, but the impact is limited to one trading day and one settlement cycle type.

Investor Impact: Low - investors can still trade these stocks in regular T+1 settlement cycle. Only affects those specifically seeking T+0 (same-day) settlement on December 31, 2025.

Impact Justification

Temporary trading restriction affecting two major banking stocks in T+0 settlement cycle only. Regular T+1 and T+2 settlement cycles remain unaffected. Limited to a single trading day.