Yes Bank to receive ₹345 Crore tax refund post rectification order
Yes Bank Limited has received an order giving effect (OGE) from the Jurisdictional Assessing Officer (JAO) on December 31, 2025, determining an income-tax refund of approximately ₹345 Crores, includin...
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Why is Yes Bank Limited in the news today?
Yes Bank Limited (YESBANK) is in the news due to the announcement details a significant tax refund being awarded to the bank, which is a positive financial development.
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Yes Bank to receive ₹345 Crore tax refund post rectification order
January 1, 2026, 02:43 AM
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More Details on This News
Yes Bank Limited has received an order giving effect (OGE) from the Jurisdictional Assessing Officer (JAO) on December 31, 2025, determining an income-tax refund of approximately ₹345 Crores, including interest.
This refund arises from a rectification order passed by the JAO on April 15, 2025, correcting a mistake in a reassessment order dated March 2022. The initial assessment order was passed in December 2018 for assessment year 2016-17. The bank had appealed against the assessment, reassessment, and rectification orders before the first-level appellate authority.
The recognized refund amount in the bank's Profit and Loss statement is expected to exceed the materiality threshold as per amended Listing Regulations. The bank has also hosted this information on its website in compliance with Regulation 46 of the Listing Regulations.
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