Yes Bank Limited has informed the Exchange about Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
YESBANK · price
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Yes Bank has received a penalty order of Rs. 79.38 lakhs from the Maharashtra GST department, dated March 25, 2026, covering the financial years 2019-20 to 2021-22. The penalty was imposed under Section 122(1)(ii) of the Central and Maharashtra GST Acts in relation to an Input Tax Credit (ITC) matter. The bank has stated that it has strong factual and legal grounds to challenge the order and plans to file an appeal within the prescribed timelines. Management has clarified that it does not expect any material impact on the bank's financial, operational, or other activities from this order.
The penalty amount is very small relative to Yes Bank's size and is unlikely to affect the stock price or operations. Shareholders should view this as a routine tax dispute that the bank will contest, with no material financial impact disclosed.