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ICICI Bank Faces GST Demand Notice from West Bengal

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ICICI Bank Faces GST Demand Notice from West Bengal

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An announcement from Icici Bank ( (IBN) ) is now available.

On September 22, 2025, ICICI Bank received a Show Cause Notice under the West Bengal Goods and Services Tax Act, 2017, concerning a GST demand of over ₹15.6 crore related to services provided to customers maintaining specified minimum balances. The bank is currently in litigation over similar issues and plans to respond to the notice within the prescribed timelines. This disclosure was delayed due to the bank’s evaluation of the notice’s contents.

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, operating primarily in the banking industry. It offers a wide range of banking products and services, including personal banking, corporate banking, and wealth management, with a significant focus on the Indian market.

Average Trading Volume: 4,425,498

Technical Sentiment Signal: Buy

Current Market Cap: $111.2B

See more insights into IBN stock on TipRanks’ Stock Analysis page.

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