SBI Tax Notice: State Bank of India has received a tax notice of ₹6,338 crore for the assessment year 2023-24. The bank informed the stock exchanges about this on March 20, 2026.
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SBI Income Tax Notice: State Bank of India has received a notice from the Income Tax Department for ₹6,338 crore. SBI shared this information with exchanges on March 20, 2026. The department issued this notice to the bank for the assessment year 2023-24. It should be noted that interest is also included in this notice.
SBI received this notice on March 19, 2026, under sections 143(3), 144C(3) and 144(B) of the Income Tax Act.
What has SBI said?
According to information provided by the State Bank of India, similar cases were reported last year. This indicates that the current demand is not an isolated case. The bank stated that the amount significantly exceeds the limit, so it has informed shareholders and all stakeholders.
SBI stated in a statement that this notice will not have any impact on its operations or other business activities. The bank added that it will take legal action at the appropriate time.
What is the stock situation?
On Friday, State Bank of India shares closed at ₹1058.40, up 0.90 percent. SBI’s share price has risen 22 percent over the past six months. Meanwhile, positional investors in State Bank of India have gained 41 percent in one year.
State Bank of India’s 52-week high is ₹1234.80 and 52-week low is ₹730.95. The bank’s market cap is ₹9.76 lakh crore.
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(This is not investment advice. The stock market is subject to risks. Please consult experts before making any investment.)
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