YES Bank receives around Rs 363 Crore income tax refund after appeal win
YESBANK · price
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YES Bank received a consolidated order from the Income Tax department on Sept 30, 2026, determining a refund of around Rs 363 Crores for assessment year 2017-18. This follows favorable orders passed by the first level appellate authority in October and November 2025 after the Bank appealed earlier assessment, reassessment, and rectification orders. The refund includes interest income under section 244A of the Income-tax Act and tax benefit on a certain expense claimed. The amount exceeds the listing rules materiality threshold of Rs 120 Crores.
Positive outcome: Bank to receive about Rs 363 Crore tax refund with interest, likely boosting near term earnings.