[6-K] ICICI BANK LTD Current Report (Foreign Issuer)
Rhea-AI Filing Summary
ICICI Bank Limited reports that on December 17, 2025 it received an order under Section 73 of the Maharashtra Goods and Services Tax Act, 2017 raising a GST demand of ₹ 237,90,04,448, comprising tax of ₹ 216,27,31,316 and a penalty of ₹ 21,62,73,132, along with applicable interest. The order concerns services provided to customers maintaining specified minimum balances in their accounts, a matter for which the bank had earlier disclosed a show-cause notice dated September 30, 2025. The bank states that the cumulative amount involved now exceeds its materiality threshold and that it will take appropriate steps, including contesting the order through a writ petition or appeal within prescribed timelines.
Positive
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Negative
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Insights
Tax authority order raises a large, contested GST exposure for ICICI Bank.
The disclosure states that ICICI Bank has received an order under Section 73 of the Maharashtra GST Act, 2017 raising a GST demand of ₹ 237,90,04,448, made up of tax of ₹ 216,27,31,316 and a penalty of ₹ 21,62,73,132, plus interest. The order relates to services for customers who maintain specified minimum balances in their accounts, following an earlier show-cause notice on the same subject dated September 30, 2025.
If the tax and penalty were ultimately upheld, this amount would represent a meaningful outflow for the bank, and the inclusion of a penalty component indicates the authority’s adverse view of the arrangements. However, the bank highlights that it is already in litigation, including writ petitions, on similar issues raised in prior orders and notices.
The bank plans to contest this order through a writ petition or appeal within prescribed timelines, so the eventual financial impact depends on the outcome of those proceedings. The fact that management flags the aggregate exposure as crossing its materiality threshold underlines the importance of this issue for future results and disclosures.
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 December 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 is further to the disclosure made by ICICI Bank Limited (the Bank) dated September 30, 2025 regarding the receipt of a Show-Cause Notice (SCN) from the Additional Commissioner of CGST and CEx., Mumbai East Commisionerate on services provided by the Bank to customers maintaining specified minimum balances in their accounts.
On December 17, 2025 at 01:08 p.m., the Bank has received an Order under Section 73 of the Maharashtra Goods and Services Tax (GST) Act, 2017 from the above authority raising a GST demand amounting to ₹ 237,90,04,448/- (Tax ₹ 216,27,31,316/- and penalty ₹ 21,62,73,132/-) along-with interest as applicable for the same subject matter.
While the Bank is in litigation (including writ petition) on 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 take appropriate steps, including contesting the Order through a writ petition/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: | December 18, 2025 |
By: | /s/ Vivek Ranjan | ||
| Name : | Vivek Ranjan | ||||
| Title : | Associate Leadership Team | ||||
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 new GST development did ICICI Bank (IBN) disclose?
ICICI Bank disclosed that it received an order under Section 73 of the Maharashtra GST Act, 2017 raising a GST demand of ₹ 237,90,04,448, including tax and penalty.
How much is the GST tax and penalty claimed from ICICI Bank (IBN)?
The order raises a total demand of ₹ 237,90,04,448, comprising tax of ₹ 216,27,31,316 and a penalty of ₹ 21,62,73,132, plus applicable interest.
What business activity is involved in the GST order for ICICI Bank (IBN)?
The order concerns services provided by ICICI Bank to customers who maintain specified minimum balances in their accounts.
Why did ICICI Bank (IBN) classify this GST matter as material?
The bank states that the aggregate or cumulative amount involved across related orders and notices now crosses its materiality threshold, prompting this disclosure.
How does ICICI Bank (IBN) plan to respond to the GST demand?
ICICI Bank intends to take appropriate steps, including contesting the order through a writ petition or appeal within the prescribed timelines.
Has ICICI Bank (IBN) faced similar GST issues before?
The bank notes it is already in litigation, including writ petitions, on similar issues raised in past orders and show-cause notices.
