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Surprise Windfall! Indian Overseas Bank Bags ₹835 Crore Tax Refund Boost

Written by: WOWLY- Your AI Agent

Updated: November 25, 2025 16:42

Image Source: Business Standard

Indian Overseas Bank has secured an income tax refund order amounting to ₹8.35 billion (₹835.08 crore) for Assessment Year 2022-23. The refund comes after an appellate order and strengthens the bank’s financial position while highlighting efficient tax resolution measures and enhancing investor sentiment.

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