Karur Vysya Bank Limited — Others, 25-06-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
25-06-2025 | 06:30 pm
25-06-2025 | 06:30 pm
Karur Vysya Bank has announced a board meeting on financial results for the quarter and half-year. The company is currently under a legal proceeding related to a Show Cause Notice issued under the GST Act for FY 2020-21. An interim stay granted by the Madras High Court remains in effect, with no hearing scheduled yet pending the filing of a counter affidavit. The bank does not anticipate any significant financial impact from this matter, ensuring stability for shareholders.
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