ICICI Bank Limited has informed the Exchange about Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

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ICICIBANK · price

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Price reactionminutes from the announcement price · days from the prior close

-0.3%Reaction day

₹1347.00

prior close

₹1347.30

announcement price

In-mkt

timing

Nifty 100market · index membership as recorded later (tracked since Jun 2026)+0.8%-1.1% vs market

Private Sector Bank peers, median of 19sector+1.2%-1.5% vs sector

On the reaction day the stock moved 1.1 pts less than Nifty 100 and 1.5 pts less than its Private Sector Bank peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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30m

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Sessions after the filingfrom the prior close

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Reaction day

-0.3+0.8-1.1+1.2-1.5

Next day

-0.7+0.9-1.6+1.7-2.4

+0.6+1.7-1.1+2.2-1.6

+1.9+1.4+0.4+4.1-2.2

+4.7+1.2+3.4+5.2-0.5

+5.8+1.1+4.7+3.9+1.9

+4.3-0.9+5.2+1.8+2.6

15d

+0.0-2.3+2.3+1.5-1.5

+0.3-3.1+3.4-0.4+0.7

+2.1-3.5+5.5+5.9-3.8

-9.9-12.1+2.2-4.3-5.7

UpDownMarket · Nifty 100Sector · Private Sector Bank peers, median of 19Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

ICICI Bank has received an order from the Deputy Commissioner of Revenue, West Bengal under Section 73 of the West Bengal GST Act, 2017, raising a GST demand of ₹16.03 crore (tax: ₹8.68 crore, interest: ₹6.49 crore, penalty: ₹0.87 crore). The demand relates to GST on services provided to customers maintaining specified minimum balances in their accounts. The bank is already contesting similar issues through writ petitions and other legal proceedings, and will appeal this order within the prescribed timelines. The disclosure is being made because the cumulative amount has crossed the materiality threshold for reporting.

Likely market impact

The ₹16 crore demand is small relative to ICICI Bank's size and is unlikely to materially affect financials, but the bank will need to set aside provisions if the appeal fails. Already in litigation on the same issue, so this is a continuation of an ongoing matter rather than a new threat.