The Federal Bank Limited has informed the Exchange about General Updates
FEDERALBNK · price
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Awaiting price reaction for this filing.
The Federal Bank has informed the stock exchanges that it received an order on December 29, 2025 from the Department of Trade & Taxes, Government of NCT of Delhi, levying a penalty of Rs. 23,36,830 (about Rs. 23.37 lakhs) under Section 73(9) of the Central GST Act, 2017. The penalty relates to an order in original passed under Section 73 of the CGST Act. The bank has stated that it will be filing an appeal against this order. The disclosure has been made under Regulation 30 of SEBI's Listing Obligations and Disclosure Requirements Regulations, 2015.
The penalty amount is very small relative to the bank's overall size and operations, so there is no material financial impact on shareholders. The bank is contesting the order through appeal, and investors should watch for the outcome but need not be alarmed at this stage.