5326482026-10-015326482026-10-01ActionsTakenOrOrdersPassedDomain15326482026-10-01ActionsTakenOrOrdersPassedDomain1PersonsAgainstWhomActionsTakenOrOrdersPassedDomain15326482026-10-01SignatoriesDomain1xbrli:pureYESBANKYES Bank Limited532648NOTLISTEDINE528G01035NewAction(s) taken or orders passed (sub-para 20)false2026-09-3013:30:002026-10-01Any other similar action(s)Order Giving Effect (OGE) of refund of tax benefit and income interest of ~Rs. 363 CroresStatutory AuthorityJurisdictional Assessing Officer (JAO), Mumbai1Listed Entity (Self)YES Bank LimitedOrder Giving Effect (OGE) of refund of tax benefit and income interest of ~Rs. 363 CroresOrder Giving Effect (OGE) of refund of tax benefit and income interest of ~Rs. 363 Crores2026-09-30The Bank had received assessment order passed u/s 143(3) of the Income-tax Act, 1961 (‘the Act’) in December 2019 for assessment year (‘AY’) 2017-18 wherein certain additions/disallowances were made. The Bank was also subjected to reassessment proceedings and the reassessment order was passed u/s 147 read with 144B of the Act in March 2022, wherein certain additions/disallowances were made to the income determined in the assessment order. The said reassessment order considered the income reported in the return of income instead of assessed income, for computing the reassessed income and tax thereon. Towards this, on April 15, 2025, the Jurisdictional Assessing Officer (‘JAO’) and the Centralized Processing Center (‘CPC’), passed the rectification orders rectifying the said mistake and recomputed the tax demand. In this regard, stock exchange disclosure was made vide intimation no. YBL/CS/2025-26/010 on April 16, 2025. The Bank had filed a rectification application against the aforesaid rectification order passed in April 2025 and received rectification order u/s 154 of the Act on December 31, 2025, for which necessary disclosure was made vide intimation no. YBL/CS/2025-26/165 on January 1, 2026. The Bank was in appeal against assessment order, reassessment order and rectification order before the first level appellate authority who passed the orders in October 2025 & November 2025. Pursuant to the orders passed by the first level appellate authority, the Bank received a consolidated OGE (i.e., order giving effect) from the JAO on September 30, 2026 determining refund of ~Rs. 363 Crores. The said refund includes interest income determined u/s 244A of the Act and tax benefit of a certain expense claimed in the income-tax return. The cumulative quantum of both these items (interest income and tax benefit) is in excess of the materiality threshold of ~Rs. 120 Crores as prescribed under the amended Listing Regulations01-04-2016 to 31-03-2017Not ApplicableNot ApplicableNot ApplicableNot ApplicableNot ApplicableThe Bank had received assessment order passed u/s 143(3) of the Income-tax Act, 1961 (‘the Act’) in December 2019 for assessment year (‘AY’) 2017-18 wherein certain additions/disallowances were made. The Bank was also subjected to reassessment proceedings and the reassessment order was passed u/s 147 read with 144B of the Act in March 2022, wherein certain additions/disallowances were made to the income determined in the assessment order. The said reassessment order considered the income reported in the return of income instead of assessed income, for computing the reassessed income and tax thereon. Towards this, on April 15, 2025, the Jurisdictional Assessing Officer (‘JAO’) and the Centralized Processing Center (‘CPC’), passed the rectification orders rectifying the said mistake and recomputed the tax demand. In this regard, stock exchange disclosure was made vide intimation no. YBL/CS/2025-26/010 on April 16, 2025. The Bank had filed a rectification application against the aforesaid rectification order passed in April 2025 and received rectification order u/s 154 of the Act on December 31, 2025, for which necessary disclosure was made vide intimation no. YBL/CS/2025-26/165 on January 1, 2026. The Bank was in appeal against assessment order, reassessment order and rectification order before the first level appellate authority who passed the orders in October 2025 & November 2025. Pursuant to the orders passed by the first level appellate authority, the Bank received a consolidated OGE (i.e., order giving effect) from the JAO on September 30, 2026 determining refund of ~Rs. 363 Crores. The said refund includes interest income determined u/s 244A of the Act and tax benefit of a certain expense claimed in the income-tax return. The cumulative quantum of both these items (interest income and tax benefit) is in excess of the materiality threshold of ~Rs. 120 Crores as prescribed under the amended Listing Regulations.Sanjay AbhyankarCompany Secretary2026-10-01Mumbai