ICICIBANKBSEICICI Bank LtdMediumNeutral
Announced Sat, 2 May · 12:40 IST

This is to inform you that Mr. Radhakrishnan Nair (DIN: 07225354) retired as an Independent Director of the Bank on May 1, 2026 pursuant to the completion of his second term of office as ....

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close
-1.2%1-day move
₹1265.70
prior close
₹1264.30
base price
After-mkt
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AI summary

ICICI Bank announced that Mr. Radhakrishnan Nair retired as an Independent Director on May 1, 2026, upon completion of his second term of office. This is a standard, pre-planned retirement at the end of his permitted tenure under the Companies Act, 2013, which allows a maximum of two terms of five years each for independent directors. The bank has informed the stock exchanges and international listings (NYSE, Singapore, Japan, Switzerland) of this routine governance change. No replacement or successor has been announced in this filing.

Likely market impact

This is a routine board change with no immediate impact on operations. Shareholders should note that the board composition has changed with the departure of one independent director, which may require a replacement to maintain the required board independence ratio.