CSB Bank Limited has informed the Exchange about intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
CSBBANK · price
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CSB Bank has received an order dated December 26, 2025, from the Assistant Commissioner of CGST & Central Excise, Mumbai East, imposing a penalty of Rs. 43.10 lakh on the bank. The order, passed under Section 74 of the CGST Act, also confirms a tax demand of Rs. 42.97 lakh related to alleged excess claim of Input Tax Credit and short payment of GST under the Reverse Charge Mechanism for FY 2018-19 to FY 2022-23. The combined financial impact is roughly Rs. 86 lakh along with applicable interest. The bank received the order on December 29, 2025, and has stated it does not agree with the order and plans to file an appeal.
The penalty and tax demand together are small relative to the bank's size and the management has stated there is no material impact on financial or operational activities. The decision to appeal may help recover the amount, so the near-term effect on shareholders is likely to be limited.