Announced Sun, 21 Jun · 13:30 IST
Yes Bank: GST appeal order reduces penalty to about Rs 3.02 crore
Regulatory & Legal View source PDF
YESBANK · price
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₹25.41
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AI summary
Yes Bank received an Order-in-Appeal from the UP GST department on June 20, 2026, on a FY2021-22 matter. The order confirms a penalty of about Rs 3.02 crore plus tax and interest under Section 73 of the CGST Act. This is a reduction from the earlier Order-in-Original penalty of about Rs 3.31 crore, with partial demand dropped in the bank's favor. The bank will contest the order through further appeal and says it expects no material impact on operations or finances.
Likely market impact
Partial relief as penalty lowered from earlier order; bank plans further appeal and expects no material financial or operational impact.