GST demand of Rs 92.00 crore for Digital Banking Business
RBLBANK · price
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RBL Bank received a tax notice dated September 30, 2025 seeking Rs 92,00,23,536, including interest and penalty, for FY 2019-20. The demand relates to reversing GST input credit for the bank's separately registered Digital Banking Business. The bank will respond within the prescribed time and expects a favorable outcome.
The bank does not expect a material financial impact, although the proposed tax demand remains pending.