IDBI Bank fined ₹0.35 crore by West Bengal tax authorities
IDBI Bank Limited faces a penalty of ₹0.35 crore from West Bengal tax authorities for alleged excess Input Tax Credit (ITC) utilization. The bank is considering legal remedies, including an appeal.
The penalty amount of ₹0.35 crore is relatively small compared to the bank's overall financial scale. The bank is also exploring legal remedies.
The bank has been imposed a penalty and interest, which negatively impacts its financials.
IDBI Bank Limited has been imposed a penalty of ₹0.35 crore by the Deputy Commissioner, West Bengal.
This penalty is related to matters concerning the Large Taxpayer’s Unit, Corporate Division, Kolkata, West Bengal, for the Financial Year 2021-22. The order, issued under section 73 of the CGST Act, 2017, pertains to alleged excess availment and utilization of Input Tax Credit (ITC) on the same PAN, and issues related to non-filers and cancelled taxpayers.
The total demand includes ₹3.55 crore for tax, ₹2.36 crore for interest, and the ₹0.35 crore penalty. The bank is currently evaluating appropriate legal remedies, including filing an appeal as per the law. The announcement was made on December 29, 2025.
What to do with a filing like this
IDBI Bank Limited filed this with the NSE as a statutory disclosure, categorised under other regulatory filings. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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See the model portfoliosA plain-language summary of a public exchange filing by IDBI Bank Limited. Read the original for the full detail.