SBIN: State Bank of India has informed the Exchange about Order of Add. Superintendent of Stamps, Gandhinagar
SBIN · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
State Bank of India has disclosed a Rs. 10 lakh penalty imposed by the Additional Superintendent of Stamps, Gandhinagar, on August 7, 2025. The penalty relates to the underpayment of stamp duty on bonds issued by State Bank of Saurashtra (since merged with SBI) on March 9, 2006, under the Gujarat Stamp Act, 1958. SBI has stated that the expected financial implication is nil and that it will take up the matter with the appropriate authority for relief. The disclosure was filed with the stock exchanges on August 20, 2025 under SEBI LODR Regulation 30.
The penalty amount is negligible relative to SBI's size and is a legacy matter from a merged entity, so it is unlikely to have any meaningful impact on the stock price or shareholder value. The bank's decision to challenge the order may or may not lead to a refund, but the financial exposure remains trivial.