ICICI Bank Limited filed a Form 6-K on November 2, 2026, disclosing that an Order in Appeal received on October 31, 2026 reduced a Telangana Goods and Services Tax penalty from ₹13,55,750 to ₹13,55,750 originally assessed, with the confirmed penalty now set at ₹6,95,418, and that the Bank intends to file a further appeal.

Key Highlights

  • Original penalty: On December 30, 2023, the Bank disclosed an Order in Original (OIO) from the Telangana Goods and Services Tax department for a penalty of ₹13,55,750.
  • Appeal outcome: An Order in Appeal (OIA) received on October 31, 2026 at 4:45 p.m. confirmed a reduced penalty of ₹6,95,418.
  • Issuing authority: The OIA was issued by the Additional Commissioner, (ST) (Grade-I) (FAC), Telangana, under Section 107 of the Central Goods and Services Tax Act, 2017.
  • Further appeal planned: According to the filing, the Bank "will file an appeal contesting the OIA within the prescribed timelines."
  • Ticker and exchange: The filing identifies the issuer as NYSE:IBN (ICICI Bank Limited), with Commission File Number 001-15002.

ICICI Bank Receives Reduced GST Penalty Order from Telangana Authorities

ICICI Bank Limited submitted a Form 6-K report to the U.S. Securities and Exchange Commission for the month of November 2026, disclosing a regulatory development related to a Goods and Services Tax matter in India. According to the filing, the Bank originally received an Order in Original from the Telangana Goods and Services Tax department, which was disclosed to Indian Stock Exchanges on December 30, 2023, and which assessed a penalty of ₹13,55,750.

Following an appeal filed by the Bank against that original order, the Bank reported receiving an Order in Appeal on October 31, 2026, at 4:45 p.m. The OIA was issued under Section 107 of the Central Goods and Services Tax Act, 2017, by the Additional Commissioner, (ST) (Grade-I) (FAC), Telangana. The filing states that the OIA confirms a penalty of ₹6,95,418, a reduction from the originally assessed amount.

The filing notes that the Bank "will file an appeal contesting the OIA within the prescribed timelines," indicating the matter remains in dispute. The Form 6-K was signed on November 1, 2026, by Vivek Ranjan, identified in the filing under the title "Leadership Team," on behalf of ICICI Bank Limited. The Bank files annual reports under Form 20-F and is listed on NYSE:IBN.

What Was Disclosed

ICICI Bank Limited disclosed via Form 6-K that a Telangana GST appeal order dated October 31, 2026 confirmed a penalty of ₹6,95,418, reduced from the original ₹13,55,750 assessed in 2023, and that the Bank plans to contest the order further.