ICICI Bank Limited has informed the Exchange about Disclosure under Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015
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Awaiting price reaction for this filing.
On May 16, 2025, the Andhra Pradesh State GST department initiated a search under Section 67(2) of the Central Goods and Services Tax Act, 2017 at ICICI Bank's branch in Vijayawada, Andhra Pradesh. The bank disclosed this to the exchanges under SEBI Regulation 30. According to the bank, the proceedings appear to be of a general nature so far, and the bank has stated it will fully cooperate by providing data as requested.
The search seems routine and preliminary, with the bank noting it is of a general nature. Short-term share price may see mild volatility due to headline sensitivity, but the disclosure does not indicate any wrongdoing or financial exposure at this stage.