Private lender YES Bank Ltd has received two significant disclosures that collectively signal a substantial inflow of approximately ₹621 crore. The bank informed stock exchanges that it received ₹258 crore from a trust within the Security Receipts Portfolio linked to its NPA loan portfolio, which was sold to JC Flower Asset Reconstruction Private Limited in December 2022. This receipt exceeds the trust's underlying carrying value, triggering mandatory disclosure under Regulation 30 of SEBI's Listing Regulations. Additionally, the bank received a consolidated order giving effect (OGE) from the Jurisdictional Assessing Officer determining an income-tax refund of around ₹363 crore for assessment year (AY) 2017-18.
The income-tax refund of ₹363 crore for AY 2017-18 includes interest income determined under Section 244A of the Income-tax Act, 1961, and a tax benefit related to an expense claimed in the income-tax return. The cumulative amount of these two components crosses the materiality threshold of around ₹120 crore under the amended listing regulations. The matter relates to an assessment order passed in December 2019 under Section 143(3) of the Income-tax Act, in which certain additions and disallowances were made for AY 2017-18. Following appellate orders passed in October and November 2025, the bank received the consolidated OGE from the JAO on September 30, 2026.
Shares of YES Bank were trading marginally higher on Thursday morning, gaining 0.43% to ₹21.04 as of 10:19 am, after the private sector lender filed the two material disclosures with stock exchanges. The stock opened at ₹20.95, flat against Wednesday's close, and touched an intraday high of ₹21.06, with over 1.62 crore shares changing hands and a traded value of approximately ₹34 crore by mid-morning. However, sell-side pressure remains slightly dominant, with 52.88% of orders on the sell side against 47.12% on the buy side. The bank's stock is currently trading well below its 52-week high of ₹25.78 hit in June 2026, and carries a P/E of 17.42.
The matter relates to an assessment order passed in December 2019 under Section 143(3) of the Income-tax Act, in which certain additions and disallowances were made for AY 2017-18. As reported by CNBC TV18, YES Bank was subsequently subject to reassessment proceedings, with a reassessment order passed in March 2022 under Sections 147 read with 144B. The order made further additions and disallowances to the income determined in the original assessment. The reassessment order had considered the income reported in the return instead of the assessed income for computing the reassessed income and tax.
The rectification process involved the JAO and Centralised Processing Center (CPC) passing rectification orders on April 15, 2025, and recomputing the tax demand. According to CNBC TV18, the bank subsequently filed a rectification application and received another rectification order under Section 154 on December 31, 2025. As reported by The Hindu BusinessLine, the bank was in appeal against the assessment, reassessment and rectification orders before the first-level appellate authority, which passed orders in October and November 2025. Following those orders, the bank received the consolidated OGE from the JAO on September 30, 2026.
