RBL Bank Limited has received significant relief from tax authorities as the Maharashtra State Tax department has withdrawn a substantial GST demand of ₹92.00 crore. The development marks a positive resolution to a tax matter that had been pending since 2025.

Tax Demand Withdrawal Details

The Assistant Commissioner of State Tax, Mumbai, through an order dated March 24, 2026, has concluded the proceedings and withdrawn the entire tax demand outlined in a previous show cause notice. The withdrawal encompasses the complete amount including interest and penalty components.

Background of the Case

The bank had previously disclosed on October 1, 2025, about receiving a show cause notice under the Maharashtra Goods and Services Tax Act, 2017. The notice pertained to the financial year 2019-20 and proposed a GST demand of ₹92,00,23,536, which included the principal tax amount along with applicable interest and penalty.

Regulatory Compliance

RBL Bank has maintained transparency throughout this process by adhering to regulatory disclosure requirements. The bank has fulfilled its obligations under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, by promptly informing the stock exchanges about this development.

Additionally, in compliance with Regulation 46(2) of the SEBI Listing Regulations, the bank has made this information available on its official website at www.rbl.bank.in , ensuring accessibility for all stakeholders.

Impact and Resolution

The complete withdrawal of the GST demand provides closure to this tax matter for RBL Bank. The resolution eliminates the potential financial liability that was contingent upon the outcome of the tax proceedings, offering clarity to the bank's financial position regarding this specific matter.

RBL Bank Limited has notified stock exchanges regarding investor and analyst meetings conducted on March 23, 2026, as part of its regulatory compliance under SEBI listing obligations. The bank held four separate meetings with key financial institutions and analysts to discuss business matters.

Meeting Details and Participants

The bank organized meetings with prominent players in the financial sector, conducting all sessions remotely due to operational convenience. The meetings included both institutional investors and research analysts from leading financial services companies.

Regulatory Compliance Framework

The intimation was made pursuant to Regulation 30(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulation mandates listed companies to inform exchanges about material events and investor interactions that could impact stock performance or investor decisions.

RBL Bank emphasized that no unpublished price sensitive information (UPSI) was shared during any of the meetings, ensuring full compliance with insider trading regulations. This disclosure protects both the bank and participants from potential regulatory violations.

Information Accessibility

In line with Regulation 46(2) of SEBI Listing Regulations, the bank has made this information publicly available on its official website at www.rbl.bank.in . This ensures transparency and equal access to information for all stakeholders and market participants.

The meetings represent routine investor relations activities that publicly listed companies undertake to maintain communication with the investment community and provide updates on business developments within regulatory guidelines.