NSEUpdates21 Jun 2026 · 21 Jun 2026, 01:36 pm

Updates

Yes Bank Limited · YESBANK

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Yes Bank Limited has provided an update on a Goods and Services Tax (GST) matter pertaining to FY 2021-22. The bank received an Order-in-Appeal from the Uttar Pradesh GST department, confirming a penalty of Rs. 3,02,31,095/-, in addition to tax demand and applicable interest. This represents a reduction from an earlier penalty of Rs. 3,30,55,942/-, due to a partial demand being dropped in the bank's favour. Yes Bank intends to contest the order through an appeal, believing it has adequate grounds, and does not expect any material impact on its financial or operational activities.

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Yes Bank Limited has informed the Exchange regarding Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015'.

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YESBANK_21062026133550_YBL_SE_Intimation_GST_Update_on_Penalty_Signed.pdf

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YBL/CS/2026-27/45 June 21, 2026 National Stock Exchange of India Limited BSE Limited Exchange Plaza, Plot no. C/1, G Block, Corporate Relations Department Bandra - Kurla Complex, Bandra (E) P.J. Towers, Dalal Street Mumbai - 400 051 Mumbai – 400 001 NSE Symbol: YESBANK BSE Scrip Code: 532648 Dear Sir/Madam, Sub: Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 This is to inform you that the Bank has received an Order-in-Appeal (“O-I-A”/“Order”) pertaining to FY 2021-22 from the Goods and Services Tax (“GST”) department, Uttar Pradesh, on June 20, 2026. The Order passed by Additional Commissioner (Appeals) on a GST matter confirms the penalty of Rs. 3,02,31,095/- in addition to tax demand and applicable interest in accordance with Section 73 of the Central Goods and Services Tax Act, 2017 (“CGST Act”). It is further submitted that an intimation on this matter was earlier made by the Bank to Stock Exchange(s) on December 25, 2025, upon receipt of Order-in-Original (“O-I-O”) passed by Joint Commissioner, which levied a penalty of Rs. 3,30,55,942/-. The current intimation is an update to the earlier Intimation, whereby the penalty demand stands reduced from Rs. 3,30,55,942/- to Rs. 3,02,31,095/-, due to partial demand dropped in Bank’s favor vide O-I-A. Information as required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with Schedule III and the SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, on the abovementioned Order is enclosed as Annexure A. The Bank will take appropriate steps, including contesting the Order through appeal within the prescribed timelines. The weblink of BSE Limited and National Stock Exchange of India Limited providing the above information is being hosted on the Bank’s website www.yes.bank.in pursuant to Listing Regulations, as amended. We request you to take the above on record. Thanking you, Yours faithfully, For YES BANK LIMITED Sanjay Abhyankar Company Secretary Encl: As above Annexure A Sr. No. Details of Events that need to be Details / Information of such provided events(s) 1 Name of the authority Uttar Pradesh GST department 2 Nature and details of the action(s) taken Order under Section 107(11) of the or order(s) passed CGST Act 3 Date of receipt of direction or order, June 20, 2026 including any ad-interim or interim orders, or any other communication from the authority 4 Details of the violation(s)/ Demand of tax on a GST matter contravention(s) committed or alleged to along with levy of penalty and be committed applicable interest 5 Impact on financial, operation or other Penalty – Rs. 3,02,31,095/- (Rupees activities of the listed entity, quantifiable Three Crores Two Lacs Thirty-One in monetary terms to the extent possible Thousand and Ninety-Five only). The Bank believes that it has adequate factual and legal grounds to reasonably substantiate its position in this matter and at this juncture it does not expect any material impact on financial, operation or other activities due to the said Order. The Bank will take necessary legal remedy against the said order.