- All
- Important
- Financial Update
- Fund Raise
- Board Meeting
- Dividend/Bonus
- JV/Acquisition
- Investor Meet
- Insider Trade
- Pledging
- Others
Loading...
A penalty of ₹7.09 crore has been imposed on IndusInd Bank by the Tamil Nadu Sales Tax Appellate Tribunal due to various GST issues related to unreported turnover from the sale of repossessed vehicles. The bank is considering filing an appeal against this order. The penalty is expected to impact the bank’s financials directly by the same amount. This development highlights potential risks for the bank, and investors should watch closely for further actions and developments regarding the appeal process.