Yes Bank Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
YESBANK · price
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On the reaction day the stock moved 1.1 pts less than Nifty Midcap 150 and 1.1 pts less 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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Yes Bank had a long-running income tax dispute for Assessment Year 2016-17, which went through an original assessment (Dec 2018), a reassessment order (Mar 2022) with a computation error, and a rectification order (Apr 2025) that fixed the mistake. The Bank appealed against these orders before the first-level appellate authority (CIT(A)). Following the favourable appellate orders, the Jurisdictional Assessing Officer (JAO), Mumbai issued a consolidated Order Giving Effect (OGE) on December 31, 2025, determining an income tax refund of approximately Rs. 345 Crores including interest under Section 244A. The portion of this refund to be recognized in the Bank's Profit and Loss account exceeds the SEBI materiality threshold, which is why the disclosure is being made. Overall, this is a favourable outcome for the Bank as it recovers a large tax refund with interest after years of litigation.
Positive for shareholders — a Rs. 345 Crore refund (including interest) will boost Yes Bank's P&L in the relevant reporting period, improving reported earnings. No penalty, additional demand, or adverse financial implication arises from this order.