Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
As filed · Yes Bank Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
What happened
FactYes Bank Ltd. has received a rectification order from the Jurisdictional Assessing Officer, which has substantially reduced the additional tax demand of Rs. 292.29 Crores for the assessment year 2017-18. The bank is still engaged in proceedings regarding the remaining balance demand before the income tax authorities. Further details are available on the bank's website.
Why it matters
CapitSignal interpretationLitigation creates a contingent liability that is not in reported profit until it crystallises.
Scale
- 1.4% of FY17 revenue
₹292.29 Cr stated in the filing against ₹20,642.8 Cr revenue (FY17, consolidated)
Source: financial_facts · exchange_table
What management said before
Prior statements by this company that CapitSignal has recorded changing.
Demand
RevisedManufacturing has now been in expansion mode for 37 straight months.
Industrial production hit a 5-month high, led by capital goods.
Change
FactImplication
CapitSignal interpretationWatch next
Fact- Amount claimed against the company
- Whether a provision has been made
- Next hearing or order date
- our sense is INR 800 crores to INR 1,000 crores should be a reasonable probability to ascribe for fiscal '27. (management committed by FY27)
- we do believe, let's say, anywhere between INR 800 crores to INR 1,000 crores for the full year should be a nu (management committed by FY27)
Evidence
- Yes Bank Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company(opens the original filing in a new tab)
- Earlier statement · Q1 FY27
- Latest statement · Q1 FY27
- Earlier statement · Q1 FY27
How CapitSignal classified this
- Reasoning:
- LITIGATION base 56; +5 quantified amount; matched on subject
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 75%