Yes bank share: In the stock market, investors always play bets on the stocks that are likely to rise. Today we are going to talk about the stock whose expressions can fall in the coming days. In such a situation, if you already have these stocks, then you may have to face losses. Actually, RBI has allowed amendment to the Article of Association of Yes Bank. In the month of May itself, a share purchase agreement has been signed by SMBC, so that he can buy his stake in it.

Why can these shares go down?

After this move of the central bank, Japan’s financial institution SMBC i.e. Sumitomo Mitsui Banking Corporation has got the right to appoint its representative in the board of Yes Bank. Even though this change is considered a positive sign for the bank in the long run, but the market expert and brokerage firms believe about this.

If we believe in brokerage firm Emkay Global about this, Yes Bank has fixed the target price of its stock at Rs 17 and has maintained a sale rating on the stock. It says that it shows a fall of about 19.5 percent. According to the report of the brokerage firm, Yes Bank’s core profitability is weak, due to low margin, slow pace of bank and high operating cost.

What positive signals in Yes Bank?

Actually, Emkay Global believes that the entry of SMBC in Yes Bank’s board can lead to a big change. The reason for this is also that the bank can get the new direction from SMBC’s participation on management reforms to capital access, portfolio clean-up and governance front.

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Disclaimer: (The information provided here is being given only for information. It is necessary to tell here that the investment in the market is subject to risks. Always consult expert before investing as an investor. Abplive.com is never advised to invest money here.)

Yes Bank said on Saturday that it has received a tax notice of Rs 2209 crore for assessment year 2019-20. In an official statement issued by the bank, it was told that it has received this notice under Section 156 from the Income Tax Department and it has demanded tax liability.

Yes Bank says that they will take appropriate legal steps against this notice of Income Tax Department. The bank further said that this tax notice is analyzed and is consulting to take appropriate steps as per legal and regulatory requirements.

It has been said on behalf of Yes Bank that due to this notice, there is no possibility of adverse effects on its finish, operations or any other activities.

The bank said that an order was received on 30 September in 2021 under Section 144 of the Income Tax Act 1961 for the Assessment Year 2019-20. In which the bank was given a refund according to the refunds claimed in the earlier income tax return. In April 2023, this respective assertion year was re-fired by the Income Tax Department.

In a statement issued by the bank, it was further stated that the Income Tax Department’s Faceless Unit passed the Re-Essence Order on March 28 in 2025 and no additions were made in it. In such a situation, the bank does not have any outstanding tax from the Income Tax Department.

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