Karur Vysya Bank Limited — Others, 21-03-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

The Income Tax Department has raised a demand of ₹160.33 crore for the assessment year 2023-24 related to the financial year 2022-23. The bank intends to appeal the disallowances made, asserting that it has solid legal grounds to contest the demand and is optimistic about a favorable outcome. Management anticipates no impact on the bank's financial health or operational activities from this demand. For investors, this situation suggests a stable operational outlook, although vigilance regarding the appeal's progress may be warranted due to the significant amount involved.