NSEUpdates12h ago · 25 Sept 2026, 11:39 pm

Updates

ICICI Bank Limited · ICICIBANK

✦ AI Summary▼ NegativeRegulatory

ICICI Bank Limited has received a show cause notice from the Joint Commissioner of Revenue, West Bengal, under Section 73 of the West Bengal Goods and Services Tax Act, 2017, for a GST demand of ₹ 16,75,96,536/-, including tax, interest, and penalty, on services provided to customers maintaining specified minimum balances in their accounts. The Bank will file a reply within the prescribed timelines.

Analysis Scores

Earnings Impact2/10
Growth Catalyst5/10
Governance Concern3/10
Regulatory Risk8/10
Balance Sheet Risk2/10
Liquidity Impact6/10
Market Sentiment4/10

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Full Announcement

ICICI Bank Limited has informed the Exchange regarding 'Disclosure under Regulation 30 of the SEBI( Listing Obligations and Disclosure Requirements) Regulations, 2015'.

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ICICI2022_25092026233756_NSEBSE_250922026.pdf

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September 25, 2026 BSE Limited National Stock Exchange of India Limited Listing Department Listing Department Phiroze Jeejeebhoy Towers Exchange Plaza, 5th floor Dalal Street Plot No. C/1, G Block Mumbai 400 001 Bandra-Kurla Complex Bandra (East) Mumbai 400 051 Dear Sir/Madam, Sub: Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Today, at 11:29 a.m., ICICI Bank Limited (the Bank) has received a show cause notice (SCN) under Section 73 of West Bengal Goods and Services Tax Act, 2017 from Joint Commissioner of Revenue, West Bengal. The aforesaid SCN includes a Goods and Services Tax (GST) demand amounting to ₹ 16,75,96,536/- (Tax ₹ 9,30,73,770/- ; interest ₹ 6,52,15,388/- and penalty ₹ 93,07,378/-) on services provided by the Bank to customers maintaining specified minimum balances in their accounts. While the Bank is in litigation (including writ petition) on a similar issue raised in orders/SCNs in the past, since the aggregate/cumulative amount involved in the above crosses the materiality threshold, this matter is being reported. The Bank will file a reply to the said SCN within prescribed timelines. Please take the above information on record. Yours sincerely, For ICICI Bank Limited Prachiti Lalingkar Company Secretary Copy to: (i) New York Stock Exchange (ii) SIX Swiss Exchange Limited (iii) Singapore Stock Exchange (iv) Japan Securities Dealers Association