Yes Bank Limited has informed the Exchange regarding 'That the Bank has received an Order pertaining to FY 2021-22 from the Goods and Services Tax ( GST ) department, Uttar Pradesh on December 24, 2025 on certain issues levying a penalty of Rs. 3,30,55,942/- in addition to tax demand and applicable interest.'.
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 certain issues for FY 2021-22. The order levies a penalty of Rs. 3,30,55,942 (approximately Rs. 3.30 crore) over and above a tax demand and applicable interest. The total financial impact will depend on the underlying tax demand and interest components, which have not been separately disclosed in the filing. This appears to be a routine tax compliance matter rather than an enforcement or fraud action. Banks and large companies regularly face such GST assessments on various line items.
The penalty amount itself is small relative to Yes Bank's overall size and should not materially affect the stock or shareholders. Investors should watch for further disclosures on the total demand (tax + interest + penalty) and whether the bank plans to contest the order.