02 Oct 2025 | 5 Mins Read
RBL Bank faces ₹92 crore GST demand notice
Flipitmoney
RBL Bank Ltd received a ₹92 crore show-cause notice dated 30 September 2025 for GST input credit reversal in FY 2019-20 under Section 74 of the Maharashtra Goods and Services Tax Act. The bank expects a favorable outcome and does not foresee material financial impact. Citi maintained its "Buy" rating and ₹300 target price, citing potential NIMs improvement.