ICICI Bank witnessed substantial institutional activity with a major block trade executed on the National Stock Exchange (NSE). The transaction represents significant market movement in one of India's leading private sector banks.

Block Trade Details

The block trade executed on NSE involved substantial volume and value, demonstrating active institutional participation in ICICI Bank shares.

Market Significance

Block trades are typically executed by institutional investors, mutual funds, or large market participants looking to transact significant volumes without impacting regular market prices. These transactions are conducted outside the regular trading mechanism and often indicate strategic positioning by major market players.

The execution price of ₹1,350.00 per share reflects the market valuation at which institutional investors were willing to transact in ICICI Bank securities. Such large-volume transactions provide insights into institutional sentiment toward the banking stock.

Transaction Impact

The block trade represents meaningful institutional activity in ICICI Bank shares, with the transaction size indicating substantial capital deployment. Block trades of this magnitude typically reflect strategic investment decisions by large financial institutions or portfolio rebalancing activities.

This transaction adds to the overall trading activity in ICICI Bank shares and demonstrates continued institutional interest in the private banking sector.

ICICI Bank has introduced the Capital Gains Account Scheme (CGAS), a specialized facility designed to help taxpayers manage their long-term capital gains while maintaining tax exemption benefits. The scheme allows customers to deposit un-invested capital gains or sale proceeds from specified capital assets, earning interest while remaining eligible for tax exemptions under the Income Tax Act.

Government Authorization and Industry Participation

The bank received government approval as an authorized institution to handle CGAS deposits, joining several other major financial institutions in offering this service. Other authorized banks include HDFC Bank, Axis Bank, Kotak Mahindra Bank, and Yes Bank, all providing similar CGAS services through their non-rural branches.

Scheme Availability and Eligibility

The Capital Gains Account Scheme becomes operational from January 1, 2026, initially targeting resident individuals and Hindu Undivided Families (HUFs). The bank plans to extend access to non-individuals and non-resident Indians (NRIs) in the near future. Customers can open CGAS accounts at ICICI Bank branches, excluding rural locations, in compliance with regulatory guidelines.

Account Types and Features

The scheme offers two distinct account categories to meet different customer requirements:

Investment Timeline and Approved Assets

Deposits under CGAS can be temporarily maintained for up to three years, providing taxpayers adequate time to plan strategic reinvestments. The scheme permits reinvestment in several approved asset categories:

• Property investments
• Agricultural land acquisitions
• New capital assets in industrial undertakings within non-urban areas
• Investments in special economic zones

Interest earnings are provided at rates comparable to regular savings accounts or fixed deposits, depending on the account type selected. All withdrawals require proper documentation and proof of fund usage as per CGAS regulatory requirements.

Bank Profile

ICICI Bank, one of India's leading private sector banks, reported total assets of ₹21,36,271.00 crore as of September 30, 2025. The launch of CGAS represents the bank's continued expansion of specialized financial products to meet evolving customer tax planning needs.