ICICI Bank Offices Raided by Maharashtra GST Authorities

ICICI Bank confirmed that Maharashtra GST authorities searched three of its offices on December 4, 2024. The bank is fully cooperating with the investigation. The searches are being carried out under sections 67(1) and 67(2) of the Maharashtra GST Act, 2017. The bank had recently reported strong financial results for Q2 FY 2024-25, showing significant growth in profits and loan portfolios.

By Avi G

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