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Icici Bank ( (IBN) ) has issued an announcement.
ICICI Bank has announced it received an order from the Maharashtra Goods and Services Tax Department on January 3, 2025, demanding a GST payment of ₹26.12 crore, alongside an equivalent amount in penalties and applicable interest. The bank is currently evaluating the order and intends to challenge it through a formal appeal process, highlighting significant implications for its financial operations and obligations under existing regulations.
More about Icici Bank
ICICI Bank Limited is a prominent financial institution based in Mumbai, India. It operates within the banking sector, offering a wide range of services including commercial and retail banking, investment banking, and insurance. The bank primarily focuses on the Indian market, providing financial solutions to individuals, small businesses, and large corporations.
YTD Price Performance: -1.38%
Average Trading Volume: 4,539,680
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $104.2B
For a thorough assessment of IBN stock, go to TipRanks’ Stock Analysis page.
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