[6-K] ICICI Bank Limited Current Report (Foreign Issuer)
ICICI Bank Limited has informed the SEC via Form 6-K that, on 1 Aug 2025, it received an appellate order from the Maharashtra Goods & Services Tax Department reiterating a tax demand of ₹26,12,07,438 (about INR 261.2 million) and an equivalent amount of penalty and interest. The bank had originally disclosed the same demand in a 4 Jan 2025 letter and had filed an appeal against that order.
The current filing states that ICICI Bank is still evaluating the order and will pursue further legal remedies, including another appeal, within the prescribed timelines. No financial impact or provisioning details are provided in this report.
ICICI Bank Limited ha comunicato alla SEC tramite il Modulo 6-K che, il 1° agosto 2025, ha ricevuto un ordine d'appello dal Dipartimento delle Imposte sui Beni e Servizi del Maharashtra che ribadisce una richiesta fiscale di ₹26.12 crore (circa 261,2 milioni di INR) oltre a un importo equivalente di sanzioni e interessi. La banca aveva originariamente segnalato questa richiesta in una lettera del 4 gennaio 2025 e aveva presentato ricorso contro tale ordine.
Il documento attuale indica che ICICI Bank sta ancora valutando l'ordine e intende intraprendere ulteriori azioni legali, inclusa un'ulteriore appello, entro i termini previsti. Nel rapporto non sono forniti dettagli sull'impatto finanziario o sulle riserve.
ICICI Bank Limited informó a la SEC mediante el Formulario 6-K que, el 1 de agosto de 2025, recibió una orden de apelación del Departamento de Impuestos sobre Bienes y Servicios de Maharashtra que reitera una demanda fiscal de ₹26,12,07,438 (aproximadamente 261,2 millones de INR) junto con una cantidad equivalente en multas e intereses. El banco había informado originalmente de esta demanda en una carta del 4 de enero de 2025 y presentó una apelación contra esa orden.
La presentación actual indica que ICICI Bank sigue evaluando la orden y buscará recursos legales adicionales, incluida otra apelación, dentro de los plazos establecidos. No se proporcionan detalles sobre el impacto financiero ni provisiones en este informe.
ICICI 은행은 2025년 8월 1일 마하라슈트라 상품 및 서비스세 부서로부터 세금 청구액 ₹26,12,07,438 (약 2억 6,120만 INR)과 동등한 벌금 및 이자 청구를 재확인하는 항소 명령을 SEC에 Form 6-K를 통해 통지했습니다. 은행은 2025년 1월 4일 서한에서 이 청구를 처음 공개했으며 해당 명령에 대해 항소를 제기한 바 있습니다.
이번 제출 자료에 따르면 ICICI 은행은 현재 명령을 검토 중이며 정해진 기한 내에 추가 항소를 포함한 법적 조치를 계속 진행할 예정입니다. 이 보고서에는 재무 영향이나 충당금에 대한 정보는 포함되어 있지 않습니다.
ICICI Bank Limited a informé la SEC via le formulaire 6-K que, le 1er août 2025, elle a reçu une décision d'appel du Département de la taxe sur les biens et services du Maharashtra réitérant une demande fiscale de ₹26,12,07,438 (environ 261,2 millions INR) ainsi qu'un montant équivalent en pénalités et intérêts. La banque avait initialement divulgué cette demande dans une lettre datée du 4 janvier 2025 et avait fait appel de cette décision.
Le dépôt actuel indique qu'ICICI Bank est toujours en train d'évaluer la décision et qu'elle poursuivra d'autres recours juridiques, y compris un nouvel appel, dans les délais prescrits. Aucun impact financier ni détail de provision n'est fourni dans ce rapport.
Die ICICI Bank Limited hat der SEC mittels Formular 6-K mitgeteilt, dass sie am 1. August 2025 eine Berufungsentscheidung der Maharashtra Goods & Services Tax Abteilung erhalten hat, die eine Steuerschuld von ₹26,12,07,438 (etwa 261,2 Millionen INR) sowie eine gleichwertige Summe an Strafen und Zinsen bestätigt. Die Bank hatte diese Forderung ursprünglich in einem Schreiben vom 4. Januar 2025 offengelegt und gegen diese Entscheidung Berufung eingelegt.
Die aktuelle Einreichung besagt, dass die ICICI Bank die Entscheidung noch prüft und weitere rechtliche Schritte, einschließlich einer weiteren Berufung, innerhalb der vorgeschriebenen Fristen verfolgen wird. In diesem Bericht werden keine finanziellen Auswirkungen oder Rückstellungen angegeben.
- None.
- ₹26.12 crore tax demand plus equal penalty and interest confirmed by GST appellate order, prolonging litigation and creating contingent liability.
Insights
TL;DR: Tax demand reaffirmed; modest financial hit, management will appeal, limited immediate balance-sheet impact expected.
The GST authority has upheld a demand of ₹26.12 crore plus equal penalty and interest. While the absolute amount is minor relative to ICICI Bank’s multi-trillion-rupee balance sheet, the matter highlights ongoing tax litigation risk. The bank’s intention to contest suggests no immediate cash outflow, but a negative contingent liability persists until resolved. Investors should watch subsequent filings for provisioning or settlement updates.
TL;DR: Litigation risk unchanged; operational impact negligible but signals regulatory scrutiny.
The reiterated GST assessment maintains a contingent obligation roughly equal to the initial claim. Although immaterial to capital ratios, repeated tax disputes could attract further scrutiny and incremental legal costs. Timely disclosure mitigates governance risk, yet resolution uncertainty remains.
ICICI Bank Limited ha comunicato alla SEC tramite il Modulo 6-K che, il 1° agosto 2025, ha ricevuto un ordine d'appello dal Dipartimento delle Imposte sui Beni e Servizi del Maharashtra che ribadisce una richiesta fiscale di ₹26.12 crore (circa 261,2 milioni di INR) oltre a un importo equivalente di sanzioni e interessi. La banca aveva originariamente segnalato questa richiesta in una lettera del 4 gennaio 2025 e aveva presentato ricorso contro tale ordine.
Il documento attuale indica che ICICI Bank sta ancora valutando l'ordine e intende intraprendere ulteriori azioni legali, inclusa un'ulteriore appello, entro i termini previsti. Nel rapporto non sono forniti dettagli sull'impatto finanziario o sulle riserve.
ICICI Bank Limited informó a la SEC mediante el Formulario 6-K que, el 1 de agosto de 2025, recibió una orden de apelación del Departamento de Impuestos sobre Bienes y Servicios de Maharashtra que reitera una demanda fiscal de ₹26,12,07,438 (aproximadamente 261,2 millones de INR) junto con una cantidad equivalente en multas e intereses. El banco había informado originalmente de esta demanda en una carta del 4 de enero de 2025 y presentó una apelación contra esa orden.
La presentación actual indica que ICICI Bank sigue evaluando la orden y buscará recursos legales adicionales, incluida otra apelación, dentro de los plazos establecidos. No se proporcionan detalles sobre el impacto financiero ni provisiones en este informe.
ICICI 은행은 2025년 8월 1일 마하라슈트라 상품 및 서비스세 부서로부터 세금 청구액 ₹26,12,07,438 (약 2억 6,120만 INR)과 동등한 벌금 및 이자 청구를 재확인하는 항소 명령을 SEC에 Form 6-K를 통해 통지했습니다. 은행은 2025년 1월 4일 서한에서 이 청구를 처음 공개했으며 해당 명령에 대해 항소를 제기한 바 있습니다.
이번 제출 자료에 따르면 ICICI 은행은 현재 명령을 검토 중이며 정해진 기한 내에 추가 항소를 포함한 법적 조치를 계속 진행할 예정입니다. 이 보고서에는 재무 영향이나 충당금에 대한 정보는 포함되어 있지 않습니다.
ICICI Bank Limited a informé la SEC via le formulaire 6-K que, le 1er août 2025, elle a reçu une décision d'appel du Département de la taxe sur les biens et services du Maharashtra réitérant une demande fiscale de ₹26,12,07,438 (environ 261,2 millions INR) ainsi qu'un montant équivalent en pénalités et intérêts. La banque avait initialement divulgué cette demande dans une lettre datée du 4 janvier 2025 et avait fait appel de cette décision.
Le dépôt actuel indique qu'ICICI Bank est toujours en train d'évaluer la décision et qu'elle poursuivra d'autres recours juridiques, y compris un nouvel appel, dans les délais prescrits. Aucun impact financier ni détail de provision n'est fourni dans ce rapport.
Die ICICI Bank Limited hat der SEC mittels Formular 6-K mitgeteilt, dass sie am 1. August 2025 eine Berufungsentscheidung der Maharashtra Goods & Services Tax Abteilung erhalten hat, die eine Steuerschuld von ₹26,12,07,438 (etwa 261,2 Millionen INR) sowie eine gleichwertige Summe an Strafen und Zinsen bestätigt. Die Bank hatte diese Forderung ursprünglich in einem Schreiben vom 4. Januar 2025 offengelegt und gegen diese Entscheidung Berufung eingelegt.
Die aktuelle Einreichung besagt, dass die ICICI Bank die Entscheidung noch prüft und weitere rechtliche Schritte, einschließlich einer weiteren Berufung, innerhalb der vorgeschriebenen Fristen verfolgen wird. In diesem Bericht werden keine finanziellen Auswirkungen oder Rückstellungen angegeben.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN ISSUER PURSUANT TO RULE 13a -16 OR
15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of August 2025
Commission File Number: 001-15002
ICICI Bank Limited
(Translation of registrant’s name into English)
ICICI Bank Towers,
Bandra-Kurla Complex
Mumbai, India 400 051
(Address of principal executive office)
Indicate by check mark whether the registrant files
or will file
annual reports under cover Form 20-F or Form 40-F.
| Form 20-F X | Form 40-F |
Table of Contents
Items:
| 1. | Other news |
OTHER NEWS
Subject: Disclosure under Indian Listing Regulations
IBN
ICICI Bank Limited (the ‘Bank’) Report on Form 6-K
This has reference to our earlier letter dated January 4, 2025 wherein the Bank had disclosed an Order received from Maharashtra Goods and Service Tax (GST) Department for a demand of ₹ 26,12,07,438/- and equivalent amount of penalty and interest as applicable. The Bank had filed an appeal against the said Order.
On August 1, 2025 at 5:02 p.m., the Bank has received an Order in appeal from Maharashtra GST Department raising tax demand of ₹ 26,12,07,438/- and equivalent amount of penalty and interest as applicable. The Bank was in the process of evaluating the contents of the Order which has resulted in a delay in this disclosure.
The Bank will take appropriate steps, including contesting the order through a further appeal within prescribed timelines.
Please take the above information on record.
|
ICICI Bank Limited ICICI Bank Towers Bandra-Kurla Complex Mumbai 400 051, India. |
Tel.: 022- 4008 8900 Email:companysecretary@icicibank.com Website www.icicibank.com CIN.: L65190GJ1994PLC021012 |
Regd. Office: ICICI Bank Tower, Near Chakli Circle, Old Padra Road, Vadodara 390007. India |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorised.
For ICICI Bank Limited | ||||
| Date |
: August 2, 2025 |
By: | /s/ Prachiti D. Lalingkar | |
| Name: | Prachiti D. Lalingkar | |||
| Title: | Company Secretary | |||
|
ICICI Bank Limited ICICI Bank Towers Bandra-Kurla Complex Mumbai 400 051, India. |
Tel.: 022- 4008 8900 Email:companysecretary@icicibank.com Website www.icicibank.com CIN.: L65190GJ1994PLC021012 |
Regd. Office: ICICI Bank Tower, Near Chakli Circle, Old Padra Road, Vadodara 390007. India |
FAQ
What is the amount of the GST tax demand against ICICI Bank (IBN)?
When did ICICI Bank receive the appellate GST order?
Has ICICI Bank disclosed this GST issue before?
What actions will ICICI Bank take regarding the GST order?
Does the filing mention any financial provisioning for the tax demand?
