A significant block trade involving ICICI Bank shares was executed on the National Stock Exchange (NSE), highlighting investor interest in one of India's leading private sector banks.

Transaction Details

The block trade, which involves a large number of shares being traded in a single transaction, was carried out at a price of Rs. 1,374.40 per share. This substantial transaction underscores the liquidity and market depth for ICICI Bank's shares on the NSE.

Market Implications

Block trades of this magnitude are often closely watched by market participants as they can provide insights into institutional investor sentiment or significant changes in ownership. While the identities of the parties involved in this transaction are not disclosed, such trades can sometimes indicate strategic moves by large investors or institutions.

About ICICI Bank

ICICI Bank is one of India's largest private sector banks, offering a wide range of banking products and financial services to corporate and retail customers. The bank has a strong presence in both domestic and international markets, with a focus on technology-driven banking solutions.

This block trade reflects continued market activity in ICICI Bank shares, which are widely held and actively traded on Indian stock exchanges. Investors and analysts often view such transactions in the context of the bank's overall performance, market conditions, and the broader financial sector outlook.

ICICI Bank , one of India's leading private sector banks, is facing escalating GST demands from multiple tax authorities across different states. The bank has now received GST orders totaling ₹253.93 crore from Mumbai and West Bengal authorities for similar issues related to services provided to customers maintaining specified minimum balances.

Latest West Bengal GST Order

On December 30, 2025 at 06:01 p.m., ICICI Bank received an Order under Section 73 of the West Bengal Goods and Services Act, 2017 from the Deputy Commissioner of Revenue, West Bengal. This order follows the Show Cause Notice disclosed by the bank on September 23, 2025 from the same authority.

Mumbai GST Order Details

Earlier, the bank received an Order under Section 73 of the Maharashtra Goods and Services Tax Act, 2017 on December 17, 2025 from the Additional Commissioner of CGST and CEx., Mumbai East Commissionerate. This order raised a total GST demand of ₹237.90 crore.

Combined GST Exposure

The bank now faces combined GST demands from both authorities totaling approximately ₹253.93 crore, all relating to the same underlying issue of services provided to customers maintaining specified minimum balances in their accounts.

Bank's Legal Strategy

ICICI Bank has indicated it will contest both orders through appropriate legal channels. The bank is already in litigation, including writ petitions, on similar issues raised in past orders and Show Cause Notices. For the latest West Bengal order, the bank will take appropriate steps including contesting through an appeal within prescribed timelines.

Regulatory Compliance and Disclosure

Both matters required disclosure to stock exchanges under Regulation 30 of SEBI regulations due to the aggregate amounts crossing materiality thresholds. The bank made disclosures on December 18, 2025 for the Mumbai order and December 31, 2025 for the West Bengal order, demonstrating compliance with transparency requirements while preparing legal challenges.