Announced Sun, 21 Jun · 13:36 IST
Yes Bank gets partial relief in GST appeal; penalty reduced to Rs 3.02 cr
Regulatory & Legal View source PDF
YESBANK · price
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Price reaction · full curve 14 horizons · vs prior close
-3.5%1-day move
₹25.41
prior close
₹25.50
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AI summary
Uttar Pradesh GST department's appellate order on June 20, 2026 confirmed a penalty of Rs 3.02 crores on Yes Bank for FY 2021-22, along with tax demand and interest. The penalty was reduced from the original Rs 3.31 crores in the December 2025 order, giving partial relief to the bank. The bank plans to contest further through appeal and says it does not expect any material impact on its financials, operations or other activities.
Likely market impact
Reduced GST penalty is a small positive. Bank plans further appeal. No material impact on operations or financials expected.