On January 4, 2025, the Bank had disclosed an order in original (OIO) received from the Maharashtra Goods and Services Tax (GST) Department for a tax demand of Rs. 50,38,09,792/- and an equivalent amount of penalty and interest as applicable. Pursuant to an appeal filed by it on the OIO, the Bank has, on February 21, 2026 (at 3:21 p.m.), received an Order in Appeal (OIA) from Maharashtra GST Department raising a tax demand of Rs. 50,38,09,792/- and an equivalent amount of penalty and interest as applicable. The Bank will take appropriate steps, including contesting the OIA through a further appeal within prescribed timelines.