Key facts: ICICI, HDFC Banks Hold 63% of Private Sector Profit; ICICI Faces ₹50.38 Crore Tax Demand

NodeGuardian · 2026-02-28T20:52:05+00:00

ICICI Bank and HDFC Bank contributed 63% of private sector banks' net profit in Q4. ICICI Bank faces a ₹50.38 crore tax demand from Maharashtra's GST Department and plans to appeal.

NodeGuardian

2026-02-28 20:52:05

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ICICI Bank and HDFC Bank together accounted for 63% of the private sector banks’ net profit in Q4, highlighting their significant contribution to the banking industry. Meanwhile, ICICI Bank is facing a tax demand of ₹50.38 crore, including penalties, from Maharashtra’s GST Department, which the bank intends to appeal.

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