Yes Bank Limited announced details regarding a litigation with the Income-tax department.

Key points:

• Received a partial order giving effect (OGE) from the Jurisdictional Assessing Officer (JAO) on 17 Mar 25, related to Assessment Year 2015-16.
• This follows an order from the Income-tax Appellate Tribunal dated 5 Feb 24.
• The OGE specifies an income-tax demand of ₹144.85 crores (including interest of ₹44.82 crores).
• Yes Bank is in dispute with the Jurisdictional Assessing Officer, Income-tax department, Mumbai.
• The bank plans to appeal against the OGE and is already appealing the Tribunal’s order at the Bombay High Court.
• Yes Bank stated it has adequate legal and factual basis and does not foresee material adverse effects on its operations or financials.