RBL Bank gets Rs 164 crore GST show cause notice for Bullion business
RBLBANK · price
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On the reaction day the stock moved 1.7 pts more than Nifty Smallcap 250 and 2.1 pts more than its Private Sector Bank peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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RBL Bank received a show cause notice dated Sep 2, 2026 from Delhi Assistant Commissioner under GST Act, proposing a demand of about Rs 164.14 crore including interest and penalty for FY 2022-23. The demand relates to alleged mismatch in input tax credit under the Bank's Bullion business GST registration. The Bank says the issue stems from erroneous comparison of returns and data, and will submit its response within prescribed timelines. It does not expect any material adverse impact on operations or financials.
Bank views the demand as not material; limited near-term impact on stock unless the matter escalates on appeal.