Central Bank of India has informed the Exchange about General Updates

CENTRALBK · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

+6.0%1-day move

₹31.41

prior close

₹32.60

base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

-0.2+0.0+0.2-0.6+6.0+8.1+7.6+12.9+11.4+12.3+14.7+13.4-3.5+3.9

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AI summary

Central Bank of India has received an income tax demand of Rs. 296.08 Crores for Assessment Year 2024-25 under Section 143(3) read with Section 144B of the Income Tax Act, 1961. The demand, raised via an assessment order dated 28.03.2026, relates to re-computation of income and disallowances of certain claims made in the bank's tax returns. The bank is in the process of filing an appeal before the appropriate forum within the prescribed timelines. The bank has stated that, based on prior appellate precedents, it believes it has strong factual and legal grounds to contest the demand and expects the entire amount to subside, with no financial, operational, or other impact anticipated.

Likely market impact

The Rs. 296.08 Crores demand is sizeable but the bank's stated expectation of full relief on appeal and nil financial impact may cushion near-term stock reaction. Investors should monitor the appeal outcome, as an adverse ruling could become a material overhang.