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Icici Bank ( (IBN) ) has shared an update.
On September 29, 2025, ICICI Bank Limited received a Show Cause Notice under section 73 of the Maharashtra Goods and Services Tax Act, 2017, from the Additional Commissioner of CGST and CEx., Mumbai East Commissionerate. The notice raised a GST demand of ₹216.27 crore, including tax, interest, and penalties, for services provided to customers maintaining specified minimum balances. This issue has been a subject of previous litigation, and due to the significant amount involved, the bank is reporting this matter and plans to file a reply within the prescribed timelines.
The most recent analyst rating on (IBN) stock is a Buy with a $36.00 price target. To see the full list of analyst forecasts on Icici Bank stock, see the IBN Stock Forecast page.
Spark’s Take on IBN Stock
According to Spark, TipRanks’ AI Analyst, IBN is a Outperform.
Icici Bank’s overall score is driven by strong financial performance and a positive earnings call, despite liquidity challenges and a neutral technical outlook. The bank’s robust profitability and capital position are significant strengths, while cash flow management needs improvement.
To see Spark’s full report on IBN stock, click here.
More about Icici Bank
ICICI Bank Limited is a prominent financial institution in India, primarily engaged in providing a wide range of banking products and financial services. The bank operates in the banking industry and focuses on services such as retail banking, corporate banking, and treasury operations, catering to a diverse customer base.
Average Trading Volume: 4,356,679
Technical Sentiment Signal: Buy
Current Market Cap: $110.6B
See more data about IBN stock on TipRanks’ Stock Analysis page.
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