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The latest announcement is out from ICICI Bank Limited ( (IN:ICICIBANK) ).
ICICI Bank Limited has disclosed a significant tax demand from the West Bengal Goods and Services Tax authorities amounting to over ₹49 crore, related to GST on services for customers maintaining specified minimum balances. The bank has previously faced similar issues and plans to contest the order through further appeals, highlighting the ongoing regulatory challenges it faces.
More about ICICI Bank Limited
ICICI Bank Limited is a prominent financial institution in India, operating in the banking industry. It offers a wide range of banking products and services, including retail banking, corporate banking, and treasury operations, with a strong market focus on both domestic and international markets.
Average Trading Volume: 454,758
Technical Sentiment Signal: Buy
Current Market Cap: 10137.2B INR
For an in-depth examination of ICICIBANK stock, go to TipRanks’ Overview page.