ICICI Bank Limited has informed the Exchange about intimation of receipt of RBI approval for re-appointment of Mr. Rakesh Jha as Executive Director
ICICIBANK · price
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ICICI Bank has received RBI approval for the re-appointment of Mr. Rakesh Jha (DIN: 00042075) as Executive Director. The renewed term is for two years, from September 2, 2025 to September 1, 2027. This re-appointment falls within the previously approved five-year term by the Board and shareholders. The Bank had earlier disclosed the proposal on January 25, 2025.
Continuity at the executive leadership level is maintained, which is generally seen as a positive stability signal for shareholders. This is a routine regulatory approval and is unlikely to cause any major movement in the stock price.