Indian Overseas Bank Tax Demand Rs. 1742.96 Crore

Indian Overseas Bank received an income tax demand of Rs. 1742.96 Crores from NFAC for Assessment Year 2024-25.
The demand was raised via an assessment order under Section 143(3) read with Section 144B of the Income Tax Act, 1961, dated 26.03.2026.
Bank intends to file an appeal, expects full demand to subside; no financial, operational, or other impact anticipated.
Disclosure made under Regulation 30 read with Schedule III of SEBI LODR Regulations, 2015.