YES Bank Legal & Regulatory
Yes Bank's GST penalty was reduced to Rs 2.33 Crore on appeal. The bank expects no material financial impact and will contest the order further.
- Value
- ₹2.33 Cr
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Yes Bank's GST penalty was reduced to Rs 2.33 Crore on appeal. The bank expects no material financial impact and will contest the order further.
Yes Bank announced the invocation of a Rs. 281.44 crore bank guarantee by the Department of Telecommunications regarding a borrower currently undergoing insolvency proceedings.
Yes Bank disclosed a Rs. 2 lakh penalty from NSE for its subsidiary. The ban on onboarding new clients has now been lifted.
Yes Bank received a consolidated tax refund of ₹879 Crore. This follows appeals against previous assessment and reassessment orders.
Yes Bank received a GST demand and penalty order totaling ₹63.27 Crore. The bank intends to contest this Order-in-Appeal through further legal remedies.
YES Bank's subsidiary received a ₹0.01 Crore NSE penalty and a three-month client onboarding prohibition. Management confirms no material impact on the bank's financials.
RBI imposed a ₹0.32 Crore penalty on YES Bank for KYC system non-compliance. This regulatory action reflects operational lapses in customer onboarding processes.