Yes Bank receives order determining approximately Rs. 363 crore tax refund
As filed · Yes Bank Limited has informed the Exchange regarding 'Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015'.
What happened
FactYes Bank received a consolidated order giving effect from the Jurisdictional Assessing Officer, Mumbai, determining a refund of approximately Rs. 363 crore for AY 2017-18. The refund includes interest income under Section 244A and a tax benefit relating to a certain expense claimed in the income-tax return.
Why it matters
CapitSignal interpretationA tax demand is a contingent claim on cash: it either becomes a payment, or an appeal that ties up management attention and often a deposit.
Scale
- 1.8% of FY17 revenue
₹363 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- Whether the company is appealing
- Amount deposited pending appeal
- Whether it is provided for in the accounts
- 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 regarding 'Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015'.(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:
- The order determines a sizeable tax refund, including interest income and a tax benefit, following the Bank's appeals and rectification proceedings. The filing does not state when the refund will be received.
- Matched on:
- body text (weaker evidence than a subject match)
- Confidence in the event type:
- 60%