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Yes Bank Limited ( (IN:YESBANK) ) has provided an announcement.
Yes Bank Limited has disclosed that it received an order from the Uttar Pradesh Goods and Services Tax department relating to financial year 2021-22, imposing a penalty of Rs 3.3 crore under Section 73 of the Central and Uttar Pradesh GST Acts, in addition to tax demand and applicable interest on various GST-related issues. The bank maintains that it has strong factual and legal grounds to challenge the order and does not currently anticipate any material impact on its financial or operational activities; it plans to contest the demand through appropriate legal appeals within the prescribed timelines, signalling a controlled compliance and litigation response for stakeholders monitoring regulatory risk.
More about Yes Bank Limited
Yes Bank Limited is an Indian private-sector bank offering a range of retail, corporate, and digital banking services. Listed on both the National Stock Exchange of India and BSE Limited, the bank serves customers across multiple states and operates within India’s highly regulated financial services industry.
Average Trading Volume: 11,046,583
Technical Sentiment Signal: Hold
Current Market Cap: 682.1B INR
Learn more about YESBANK stock on TipRanks’ Stock Analysis page.