BSECompany Update1 Oct 2026 · 1 Oct 2026, 05:02 pm
Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
ICICI Bank Ltd · 532174
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ICICI Bank has received a show cause notice from the Additional Commissioner, CGST and C. Ex, Division-IV, Mumbai East Commissionerate for a GST demand of ₹ 229,14,35,396 along with interest and penalty as applicable, on services provided by the Bank to customers maintaining specified minimum balances in their accounts.
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ICICI Bank Ltd - 532174 - Disclosure Under Regulation 30 Of The SEBI (Listing Obligations
And Disclosure Requirements) Regulations, 2015
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October 1, 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
On September 30, 2026 at 05:57 p.m., ICICI Bank Limited (the Bank) has received a show
cause notice (SCN) under Section 73 of Maharashtra Goods and Services Tax Act, 2017 from
Additional Commissioner, CGST and C. Ex, Division-IV, Mumbai East Commissionerate
raising a GST demand amounting to ₹ 229,14,35,396/- along with interest and penalty as
applicable, 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