ICICI Bank Limited has informed the Exchange about intimation of receipt of RBI approval for re-appointment of Mr. Sandeep Batra as Executive Director
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ICICI Bank has received approval from the Reserve Bank of India for the re-appointment of Mr. Sandeep Batra as Executive Director of the Bank. The re-appointment is for a period of two years, effective from December 23, 2025 to December 22, 2027. The Bank will seek shareholder approval for this re-appointment in due course. This follows the Bank's earlier disclosure on January 25, 2025 regarding the proposed re-appointment.
Continuity in leadership at the executive level is positive for stability and ongoing strategy execution. Shareholders will get to vote on the re-appointment, providing them a say in board composition. No material change expected for the stock from this routine regulatory approval.