ICICI Bank Limited has informed the Exchange about Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
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ICICI Bank's Board has accepted the early retirement of Mr. Subir Saha as Group Chief Compliance Officer (GCCO), effective end of business on August 28, 2025. Consequently, he ceases to be a senior management personnel of the Bank. In his place, Mr. Anish Madhavan, an existing senior management personnel, has been appointed as the new GCCO with effect from August 29, 2025. Mr. Madhavan is a Chartered Accountant with 29 years of experience in banking and finance, including 24 years with the ICICI Group, and has previously led Cards & Payment Solutions, Internal Audit, and Financial Crime Prevention, and also handled the compliance function from 2015 to 2021. The transition appears to be a planned, orderly succession with the new appointee already well-versed in the Bank's operations.
This is a routine senior management change with an internal successor who has deep familiarity with ICICI Bank's compliance function, suggesting continuity and minimal disruption to the Bank's compliance operations. Shareholders are unlikely to see a material impact on the stock from this announcement.