Description
Union Bank of India and Yes Bank Ltd. will not be available for T+0 trading on December 31, 2025 due to inclusion in NIFTY Bank Index.
Summary
NSE has notified that Union Bank of India (UNIONBANK) and Yes Bank Ltd. (YESBANK) will not be available for trading in the T+0 rolling settlement cycle on December 31, 2025. This restriction is due to their inclusion in the NIFTY Bank Index. Regular trading in other settlement cycles remains unaffected.
Key Points
- Union Bank of India (UNIONBANK) and Yes Bank Ltd. (YESBANK) excluded from T+0 trading on December 31, 2025
- Reason for exclusion: Inclusion in NIFTY Bank Index
- Reference circular: NSE/CMTR/67774 dated April 30, 2025 regarding T+0 rolling settlement cycle
- Both securities will trade in Series T0 but not on the specified date
- Contact: msm@nse.co.in or Toll Free 1800-266-0050 (Option 1)
Regulatory Changes
No permanent regulatory changes. This is a temporary trading parameter adjustment for a single trading day related to index inclusion procedures.
Compliance Requirements
- Members must note that UNIONBANK and YESBANK will not be available for T+0 trading on December 31, 2025
- Trading members should inform their clients accordingly
- Regular settlement cycle trading remains available for these scrips
Important Dates
- Circular Date: December 02, 2025
- Restriction Date: December 31, 2025 - UNIONBANK and YESBANK not available for T+0 trading
Impact Assessment
Market Impact: Minimal. The restriction affects only T+0 intraday settlement for two specific stocks on a single trading day. Investors can still trade these securities through regular settlement cycles. The temporary exclusion is a procedural measure related to NIFTY Bank Index inclusion and does not reflect any concerns about the securities themselves.
Impact Justification
Temporary one-day restriction on T+0 trading for two specific stocks due to index inclusion; does not affect regular trading or broader market operations