Yes Bank to Receive ~Rs. 363 Crore Tax Refund Post Appellate Authority Orders
Yes Bank will receive an income-tax refund of approximately ₹363 Crores. This follows orders from the first-level appellate authority regarding assessment year 2017-18. The refund includes interest and tax benefits exceeding ₹120 Crores. The final order was received on September 30, 2026.
A refund of ₹363 Crores is substantial and will positively impact the bank's liquidity and financial standing, warranting a medium impact.
The announcement details a significant tax refund for the bank, which is a positive financial development.
Yes Bank Limited has announced that it will receive an income-tax refund of approximately ₹363 Crores. This follows orders passed by the first-level appellate authority in October and November 2025 concerning the assessment order for assessment year 2017-18.
The refund amount includes interest income determined under Section 244A of the Income-tax Act and a tax benefit from a claimed expense. The cumulative quantum of these two components exceeds the materiality threshold of approximately ₹120 Crores.
The bank has been involved in a series of proceedings, including an assessment order in December 2019, a reassessment order in March 2022, and subsequent rectification orders in April 2025 and December 2025. The final order giving effect (OGE) from the Jurisdictional Assessing Officer was received on September 30, 2026, confirming the refund.
This announcement is made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
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