Archive · 2 Oct 2025
RBL Bank Receives ₹92 Crore GST Notice
RBL Bank received a notice from the government for ₹92 crore related to taxes.
This involves a tax credit the bank used for its digital banking services.
The bank is reviewing the notice and expects a favorable outcome, believing it won't significantly impact its finances.
The bank's stock price dropped slightly.
The bank's profit also saw a fall in the first quarter of the fiscal year.
RBL Bank received a ₹92 crore GST demand notice.
The notice is dated September 30, 2025, for financial year 2019-20.
The demand relates to GST input credit reversal.
Bank shares closed down 0.85% at ₹275.25.
The bank reported a 46% fall in standalone net profit for Q1 ended June 2025.
- Who
- RBL Bank
- What
- Received a ₹92 crore GST demand notice
- When
- September 30, 2025, for FY 2019-20
- Where
- Mumbai, India
- Why
- Due to reversal of GST input credit related to its digital banking vertical
- Bank
- RBL Bank
- Notice Date
- September 30, 2025
- Demand Amount
- ₹92 crore
- Financial Year
- 2019-20
- Reason
- Reversal of GST input credit
- Stock Price (Closing)
- ₹275.25 (down 0.85%)
- 52-week High
- ₹281.50
