Date: August 28, 2026
Regulatory & Legal Disclosure
RBL Bank Limited has received a show cause notice (SCN) dated August 27, 2026, from the Assistant Commissioner of State Tax-Mumbai under Section 74 of the Maharashtra Goods and Services Tax Act, 2017.
The notice proposes a GST demand of ₹103,76,98,197 (One Hundred Three Crore Seventy-Six Lakh Ninety-Eight Thousand One Hundred Ninety-Seven Rupees) including interest and penalty.
The demand pertains to the financial year 2020-21 and relates to input tax credit availed by the Bank under the separate GST registration obtained for its Digital Banking business vertical.
Bank's Response and Outlook
The Bank will submit a response to the show cause notice within the prescribed timelines.
Based on its assessment, including favorable orders received from the GST authorities on an identical issue for FY 2018-19 and FY 2019-20, the Bank believes it has adequate grounds to contest the matter on merits.
Accordingly, the Bank does not, at this stage, reasonably expect the matter to have any material adverse impact on its operations or financial position.
Compliance Disclosure
In compliance with Regulation 46(2) of the SEBI Listing Regulations, this information is being hosted on the Bank's website at www.rbl.bank.in.