ICICI Bank Faces Significant GST Demand from Maharashtra Department

The latest update is out from Icici Bank ( (IBN) ).

ICICI Bank has received a GST demand order from the Maharashtra GST Department amounting to approximately ₹50.38 crore, along with equivalent penalties and applicable interest. The bank intends to contest this order through an appeal, which could have financial implications depending on the outcome, impacting its operations and potentially influencing stakeholder confidence.

More about Icici Bank

ICICI Bank Limited is a prominent financial institution based in India, primarily offering banking and financial services. It operates in the banking industry with a significant market presence in both retail and corporate banking sectors.

YTD Price Performance: -1.38%

Average Trading Volume: 4,539,680

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $104.2B

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