Yes Bank has received a consolidated order giving effect (OGE) from the Jurisdictional Assessing Officer determining an income-tax refund of ₹879 Crores. This decision follows the Bank's successful appeals against previous assessment and reassessment orders for Assessment Year 2018-19. The refund amount includes interest income determined under Section 244A of the Income-tax Act and the tax benefit of a certain expense claimed in the return, collectively exceeding the materiality threshold of ₹120 Crores prescribed under the amended Listing Regulations.

The Bank had initially received an assessment order under Section 143(3) of the Income-tax Act in February 2020 for AY 2018-19, which included certain additions and disallowances. Subsequently, the Bank faced reassessment proceedings under Section 147 read with Section 144B of the Act in March 2024, resulting in an additional tax demand of ₹112.81 Crores, including interest. This demand was disclosed to the exchanges via a letter dated March 28, 2024.

Aggrieved by the additions in both orders, the Bank filed appeals before the first-level appellate authority. The appellate authority passed orders in favor of the Bank regarding the assessment and reassessment on October 27, 2025, and December 30, 2025, respectively. These rulings paved the way for the Jurisdictional Assessing Officer to issue the consolidated OGE determining the refund.

The disclosure was made to the National Stock Exchange of India Limited and BSE Limited in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing references the SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

Key Litigation Details

Yes Bank Limited has approved raising up to ₹16,000 crore through a mix of equity and debt securities to bolster its capital base. The Board of Directors authorized the issuance of eligible equity securities worth up to ₹7,500 crore and eligible debt securities worth up to ₹8,500 crore. These enabling resolutions are subject to shareholder approval and other regulatory clearances.

The equity fund raising will not result in an aggregate dilution of more than 10%, including dilution from the conversion of any convertible debt securities. The debt securities may be issued in Indian or foreign currency, in one or more tranches, in domestic or overseas markets. If convertible debt is issued, the dilution will also be capped at 10%, accounting for potential conversions and other equity issuances.

Consequently, the Board approved the notice for the 22nd Annual General Meeting (AGM) scheduled for Wednesday, August 19, 2026. The AGM notice will include the enabling shareholder resolutions required for the proposed fund raising. The regulatory filing was submitted pursuant to Regulation 30, 51, and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Fund Raising Breakdown

The following table details the fund raising proposals approved by the Board: