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RBL Bank Receives ₹164.14 Crore GST Show-Cause Over ITC Mismatch

RBL Bank logoRBL Bank
Sig2.73Sen-2.10Env0.00Soc0.00Gov-1.60

RBL Bank said it received a GST show-cause notice under Section 73 proposing a demand of ₹164.14 crore, with interest and penalty, over an Input Tax Credit mismatch. The bank attributes the proposed amount to an erroneous comparison and reconciliation of returns and data and does not expect material adverse impact on operations or finances. Net interest income fell 13% to ₹1,480.6 crore.

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