Indian Overseas Bank receives refund of ₹1146.07 Crores from Income Tax Department

Indian Overseas Bank has received an order under Section 154 of the Income Tax Act, 1961 dated 16.06.2025 DIN: ITBA/REC/M/154/2025-26/1077240600(1) on 18.07.2025.

As per the order dated 16.06.2025, the amount refundable to the Bank for the AY 2015-16 including interest u/s 244A of the Income-tax Act is ₹1146,06,72,352/- (Rupees One Thousand One Hundred and Forty-Six Crores Six Lakhs Seventy-Two Thousand Three Hundred and Fifty Two Only).

Shares of Indian Overseas Bank was last trading in BSE at Rs. 39.78 as compared to the previous close of Rs. 39.84. The total number of shares traded during the day was 1561004 in over 4790 trades.

The stock hit an intraday high of Rs. 40.64 and intraday low of 39.23. The net turnover during the day was Rs. 62473509.00.

Source : Equity Bulls

Keywords

IndianOverseasBank INE565A01014 IOB RefundOrder IncomeTaxDepartment