22-March-2026
Corporate News
 
SBI hit with Rs 6,337.5-crore tax demand
21-Mar-2026

State Bank of India (SBI) has received a demand order from the Income Tax Department amounting to Rs 6,337.5 crore, including interest, under various sections of the Income Tax Act, 1961. The order, dated March 19, 2026, arises from scrutiny assessment proceedings for the assessment year 2023–24, where disallowances were made on various grounds.

News Source:- https://www.financialexpress.com/business/news/sbi-hit-with-rs-6337-5-crore-tax-demand/4179150/
 
 
 

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