Yes Bank has received a demand notice for Rs 292.29 crore for the assessment year 2016-17.The bank says the demand appears to be unsubstantiated and will file a rectification application with JAO/CPC.The Jurisdictional Assessing Officer passed a rectification order to correct the mistake in the reassessment order.Yes Bank will pursue all available remedies, including filing an appeal before the first-level appellate authority.