Yes Bank Limited — Important, 23-11-2024: Updates

YES BANK has received two GST orders from the Maharashtra GST department regarding the financial years 2017-18 and 2018-19, demanding a total of ₹63.27 crore, which includes penalties. For FY 2017-18, the demand is ₹24.74 crore, while for FY 2018-19, it stands at ₹29.16 crore. The Bank believes it has strong grounds to contest these orders and does not anticipate any significant impact on its operations or finances. The management plans to appeal the orders, indicating a proactive stance in addressing this issue. Investors should monitor this situation closely, as the outcome of the appeal could influence the Bank’s future financial health.