RBL Bank Receives ₹164 Cr GST Show Cause Notice

RBL Bank Limited has received a show cause notice (SCN) from the Assistant Commissioner, Delhi, under the Goods and Services Tax Act, 2017. The notice, dated September 02, 2026, proposes a GST demand of ₹164,13,53,222, including interest and penalty, for the financial year 2022-23. This demand relates to an alleged mismatch in input tax credit for the Bank's Bullion business vertical. RBL Bank is reviewing the SCN and plans to respond within the stipulated time. The bank believes the demand arises from an erroneous data reconciliation and expects no material adverse impact on its operations or financial position based on its preliminary assessment.