IndusInd Bank Limited announced that a penalty of INR 5.4 million has been imposed on the Bank by Additional Commissioner CGST Delhi South Commissionerate on account of various GST issues. Nature and details of the action(s) taken, initiated or order(s) passed: Order under section 73 of CGST Act, 2017, Date of receipt of direction or order, including any ad-interim or interim orders, or any other communication from the authority: Receipt of order - May 21, 2024. Impact on financial, operation or other activities of the listed entity, quantifiable in monetary terms to the extent possible: INR 59.5 million (Include tax amount, interest and penalty).
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