Yes Bank Limited — Others, 24-04-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

YES Bank has announced a board meeting to discuss the rectification of an erroneous income tax demand of ₹2,209.17 Crores raised for Assessment Year 2019-20. The demand, which lacked basis, has been deleted by the Jurisdictional Assessing Officer following the bank's appeal and rectification application. This resolution alleviates significant financial pressure that could impact the bank's liquidity and operational strategy. Investors may view this positive development as a relief to the bank's financial health, potentially enhancing shareholder confidence and sentiment moving forward.