has received a show cause notice from Maharashtra tax authorities demanding ₹92 crore, including interest and penalty, for FY2019-20 over GST input credit reversal under its digital banking vertical. The bank said it will respond within timelines and expects no material impact. Shares slipped 0.81% to ₹275. Citi, however, maintained a Buy rating with a ₹300 target, citing likely NIM improvement from Q2. Q1 results showed NII down 13% to ₹1,480.6 crore, net profit falling 46.2% to ₹200 crore, and gross NPAs rising to 2.78%.

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