The board of ICICI Bank approved the reappointment of Sandeep Bakhshi as Managing Director and Chief Executive Officer for a further two-year term at a meeting held on 17 January 2026. Under the approved terms, Bakhshi's new tenure will run from 4 October 2026 through 3 October 2028. The decision is subject to approval by the Reserve Bank of India, the bank's shareholders, and any other applicable statutory authorities.
REGULATORY AND SHAREHOLDER APPROVALS REQUIRED
The Reserve Bank of India must approve the appointment, as is required for chief executive appointments at private-sector banks in India. The bank's shareholders must also provide their consent. Only once these approvals are in hand does the reappointment become effective.
ICICI Bank is an Indian private sector bank with businesses spanning retail banking, corporate lending, treasury operations, and subsidiaries covering insurance, asset management, and securities.