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, has received a final GST order from Mumbai tax authorities, escalating from the earlier Show Cause Notice disclosed in September. The bank made this disclosure to stock exchanges on December 18, 2025.

GST Order Details

The bank received an Order under Section 73 of the Maharashtra Goods and Services Tax Act, 2017 on December 17, 2025 at 01:08 p.m. from the Additional Commissioner of CGST and CEx., Mumbai East Commissionerate. The order raises a total GST demand of ₹237.90 crore, comprising:

Background and Nature of Demand

This order follows the Show Cause Notice (SCN) received by ICICI Bank in September 2025 from the same authority. The tax demand relates to services provided by the bank to customers maintaining specified minimum balances in their accounts, indicating regulatory scrutiny over the bank's account maintenance practices and related service charges.

Bank's Response Strategy

ICICI Bank has indicated it will take appropriate steps to contest the order, including filing a writ petition or appeal within prescribed timelines. The bank noted that it is already in litigation, including writ petitions, on similar issues raised in past orders and Show Cause Notices.

The bank emphasized that due to the aggregate amount crossing the materiality threshold, this matter required disclosure to stock exchanges under Regulation 30 of SEBI regulations.

Regulatory and Market Implications

This development represents an escalation from the earlier notice stage to a final order with additional penalty components. The ₹237.90 crore demand, while substantial, remains contested and subject to legal proceedings.

For stakeholders, this highlights ongoing regulatory challenges in the banking sector regarding GST interpretation and application to banking services. The bank's proactive disclosure demonstrates compliance with transparency requirements while it prepares to challenge the order through appropriate legal channels.