ICICI Life MD and CEO Anup Bagchi resigns, Sidharatha Mishra to take over

Ceo ResignedManagement Changes View source PDF Explain this filing

ICICIBANK · price

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Price reactionminutes from the announcement price · days from the prior close

+1.6%Reaction day

₹1310.60

prior close

₹1311.00

announcement price

After-mkt

timing

Nifty 100market+0.5%+1.1% vs market

Private Sector Bank peers, median of 19sector+0.3%+1.4% vs sector

On the reaction day the stock moved 1.1 pts more than Nifty 100 and 1.4 pts more than its Private Sector Bank peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.0

10m

+0.0

15m

+0.4

30m

+0.5

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+1.6+0.5+1.1+0.3+1.4

Next day

+2.1+1.6+0.6+0.1+2.1

+3.4+0.8+2.6+0.1+3.3

+2.9-1.1+4.0-2.2+5.1

+3.4+0.1+3.3+0.9+2.5

+2.2-0.4+2.6+0.4+1.9

+2.1+0.7+1.4+3.2-1.0

15d

+5.8pendingpending-6.0+11.9

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UpDownMarket · Nifty 100Sector · Private Sector Bank peers, median of 19Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

ICICI Bank disclosed subsidiary ICICI Life's MD and CEO Anup Bagchi resigned effective Oct 13, 2026 to pursue a new role outside the group. Sidharatha Mishra, currently at ICICI Bank heading digital channels and customer service with 26 years banking experience, will join as COO on Oct 6, 2026, then as MD and CEO on Oct 14, 2026 for five years, subject to IRDAI approval. Mishra will be relieved from the Bank on Oct 5.

Likely market impact

Smooth internal succession at group level; internal candidate with deep banking experience, minimal disruption expected.