Yes Bank Limited — Others, 29-03-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

YES BANK has announced a board meeting regarding an income tax demand of ₹2,209.17 crores, stemming from a reassessment order for AY 2019-20. Despite the reassessment revealing no additional disallowances, the bank received a Notice of Demand that appears unfounded. The bank asserts it has strong grounds to challenge this demand, which includes interest of ₹243.02 crores, and does not foresee a material adverse impact on its operations. Investors may view this situation with caution, but the bank's proactive approach suggests a positive outlook for long-term stability.