Yes Bank shares edged lower on Monday, slipping to an intraday low of Rs 25.05, a day after the lender disclosed that it had received an Order-in-Appeal from the Uttar Pradesh GST department dated June 20, 2026. The order confirmed a penalty of Rs 3.02 crore related to FY2021–22. Issued by the Additional Commissioner, the ruling upheld the penalty under Section 73 of the Central Goods and Services Tax Act, 2017, along with the associated tax demand and interest. Earlier, on December 25, 2025, the bank had informed exchanges about an Order-in-Original passed by the Joint Commissioner, which had imposed a higher penalty of Rs 3.31 crore. The latest appellate order offers partial relief to the bank by reducing the penalty to Rs 3,02,31,095 after dropping a portion of the original demand.
“This is to inform you that the Bank has received an Order-in-Appeal (“O-I-A”/“Order”) pertaining to FY 2021-22 from the Goods and Services Tax (“GST”) department, Uttar Pradesh, on June 20, 2026. The Order passed by Additional Commissioner (Appeals) on a GST matter confirms the penalty of Rs. 3,02,31,095/- in addition to tax demand and applicable interest in accordance with Section 73 of the Central Goods and Services Tax Act, 2017,” the bank informed the exchanges
The outperformance becomes even more pronounced over slightly longer periods. In the last one month, Yes Bank rallied 15.64 per cent compared to a 7 per cent gain in Nifty Bank. On a year-to-date basis, the stock has climbed 17.68 per cent, even as the broader banking index declined 3.14 per cent, reflecting a divergence in performance and a notable turnaround in sentiment toward the stock.
Over the longer term, Yes Bank has continued to outperform. The stock has delivered returns of 28.18 per cent over one year versus 2.82 per cent for the index, while three-year gains stand at 58.06 per cent compared to 32.28 per cent. Over a five-year horizon, it has risen 83.26 per cent, ahead of the NIFTY Bank’s 66.47 per cent, underscoring sustained recovery and improving investor confidence.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)
