Federal Bank to Receive ₹ 322 Crore Refund from Income Tax Department

Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Federal Bank Ltd has received orders from the Income Tax Department, Corporate Circle 2 (1), Kochi on 27 March 2026 at 4:02 p.m. The orders, issued under Section 254 of the Income Tax Act, 1961, give effect to the Hon’ble ITAT order dated 13 August 2024. The Bank is set to receive a refund of ₹ 322,62,67,421/- (Rupees Three hundred twenty two crore sixty two lakhs sixty seven thousand four hundred and twenty one only) for the Assessment Year 2016-17, including interest under Section 244A of the Income-tax Act.