RBL Bank Tackles Major GST Reversal Notice, Stakes High on Digital Business Tax Credits

RBL Bank Limited has recently received a significant show-cause notice from the Maharashtra State GST authorities dated September 30, 2025. The notice proposes a GST demand of ₹92.00 crore, inclusive of interest and penalty, for the financial year 2019-20. This demand relates to the reversal of GST input credit claimed by the bank under a distinct registration for its Digital Banking Business vertical.

 

Key Highlights of the Notice

Bank’s Response and Outlook

Background Context

This development is being closely monitored by market participants, though the bank’s assurance of a non-material financial impact aims to reassure investors and stakeholders about its stable outlook.

 

Source: Company Disclosure to the Stock Exchanges