IDBI Bank Limited has informed the Exchange about Intimation under Regulation 30 of SEBI (LODR) Regulations, 2015.
IDBI · price
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On the reaction day the stock moved 0.7 pts more than Nifty Smallcap 250 and 0.2 pts more than its Private Sector Bank peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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IDBI Bank has been hit with a Rs. 1.70 crore penalty by the Deputy Commissioner of Uttar Pradesh (Lucknow) under Section 73 of the CGST Act, 2017. The order relates to alleged excess availment and utilization of Input Tax Credit (ITC) during FY 2021-22. The total demand breaks down into Rs. 3.42 crore in tax, Rs. 1.11 crore in interest, and Rs. 1.70 crore in penalty. The bank received the order on December 30, 2025, via the GST portal. IDBI Bank has said it is evaluating legal options, including filing an appeal against the order.
The combined demand of around Rs. 6.23 crore is not material for a bank of IDBI's size and is unlikely to significantly affect its stock price. However, it highlights ongoing tax compliance issues from prior years, and investors should watch for the outcome of the bank's appeal.