This is further to our letter dated January 17, 2026 intimating the Board''s unanimous approval for the re-appointment of Mr. Sandeep Bakhshi (DIN : 00109206) as Managing Director & CEO ....
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ICICI Bank has received Reserve Bank of India (RBI) approval for the re-appointment of Mr. Sandeep Bakhshi as Managing Director & CEO for a further period of two years from October 4, 2026. The Board's unanimous approval was given on January 17, 2026, subject to RBI clearance, which has now been obtained. Shareholder approval will be sought separately. This confirms continuity in ICICI Bank's top leadership through October 2028.
Positive for shareholders as it ensures leadership stability at India's third-largest private sector bank. The RBI's approval validates regulatory confidence in Sandeep Bakhshi's stewardship, reducing uncertainty around the CEO succession timeline.