ICICI Bank (IBN) faces Maharashtra GST demand and plans further appeal

Rhea-AI Filing Summary

ICICI Bank Limited reports that the Maharashtra Goods and Services Tax Department has issued an Order in Appeal under Section 107 of the Central Goods and Services Tax Act, 2017. The order raises a tax demand of ₹ 50,38,09,792, along with an equivalent amount of penalty and applicable interest.

The Bank had previously disclosed an original tax order on the same amount and has now received this appellate order dated February 21, 2026. ICICI Bank states that it will take appropriate steps, including contesting the appellate order through a further appeal within the prescribed timelines.

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 February 2026

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

The Bank has made the below announcement to the Indian stock exchanges:

On January 4, 2025, the Bank had disclosed an order in original (OIO) received from the Maharashtra Goods and Services Tax (GST) Department for a tax demand of ₹ 50,38,09,792/- and an equivalent amount of penalty and interest as applicable.

Pursuant to an appeal filed by it on the OIO, the Bank has, on February 21, 2026 (at 3:21 p.m.), received an Order in Appeal (OIA) under Section 107 of the Central Goods and Services Tax Act, 2017 from Maharashtra GST Department raising a tax demand of ₹ 50,38,09,792/- and an equivalent amount of penalty and interest as applicable.

The Bank will take appropriate steps, including contesting the OIA 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@icici.bank.in
Website www.icici.bank.in
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	: February 22, 2026	By:	/s/  Prachiti Lalingkar
		Name:	Prachiti Lalingkar
		Title:	Company Secretary

ICICI Bank Limited
ICICI Bank Towers
Bandra-Kurla Complex
Mumbai 400 051, India. Tel.: 022- 4008 8900
Email:companysecretary@icici.bank.in
Website www.icici.bank.in
CIN.: L65190GJ1994PLC021012

Regd. Office: ICICI Bank Tower, Near Chakli Circle,
Old Padra Road, Vadodara 390007. India

FAQ

What tax demand did ICICI Bank (IBN) disclose in this 6-K filing?

ICICI Bank disclosed a tax demand of ₹ 50,38,09,792 from the Maharashtra GST Department. The Order in Appeal also includes an equivalent amount of penalty and applicable interest, reflecting an ongoing indirect tax dispute under Indian GST law.

Which authority issued the tax Order in Appeal to ICICI Bank (IBN)?

The Order in Appeal was issued by the Maharashtra Goods and Services Tax Department. It was made under Section 107 of the Central Goods and Services Tax Act, 2017, following an earlier original order that ICICI Bank had already disclosed to the Indian stock exchanges.

When did ICICI Bank (IBN) receive the GST Order in Appeal?

ICICI Bank received the Order in Appeal on February 21, 2026, at 3:21 p.m. This appellate order follows an earlier tax order disclosed on January 4, 2025, and maintains the previously stated tax demand amount.

How does the GST Order in Appeal compare to the earlier order for ICICI Bank (IBN)?

The Order in Appeal maintains a tax demand of ₹ 50,38,09,792, the same amount previously disclosed in the original order. It also provides for an equivalent amount of penalty and interest, continuing the earlier indirect tax exposure.

What actions does ICICI Bank (IBN) plan regarding the GST Order in Appeal?

ICICI Bank states it will take appropriate steps, including contesting the Order in Appeal through a further appeal. The bank intends to pursue this within prescribed timelines under applicable GST law and regulatory procedures.

Under which legal provision was ICICI Bank’s GST appeal order issued?

The Order in Appeal received by ICICI Bank was issued under Section 107 of the Central Goods and Services Tax Act, 2017. This section governs appellate proceedings against original tax orders under India’s Goods and Services Tax framework.