ALPHA TRIBE

Indian Overseas BankOthers, 19-07-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

19-07-2025 | 04:22 pm

Indian Overseas Bank has received an order from the Income Tax Department for a significant refund. The order specifies an amount of ₹1146.07 Crores, which includes interest, for a previous assessment year. This substantial inflow of funds will positively impact the bank's liquidity and overall financial position, benefiting shareholders.

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