Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
YESBANK · price
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Awaiting price reaction for this filing.
Yes Bank has received an order from the Uttar Pradesh GST department dated December 24, 2025, relating to financial year 2021-22. The order imposes a penalty of Rs. 3.30 crore (Rs. 3,30,55,942) on top of an existing tax demand and applicable interest, issued under Section 73 of the Central GST Act and UP GST Act. The Bank states it has strong factual and legal grounds to contest the order and plans to file an appeal within the prescribed timeline. It has clarified that it does not expect any material impact on its financial position, operations, or other activities from this order.
The penalty amount (Rs. 3.30 crore) is small relative to the Bank's overall scale and unlikely to affect financials meaningfully. However, the underlying tax demand plus interest could be larger and bears watching once quantified through the appeal process.