Appointment of Pradeep Kumar Sinha as Non-Executive Part-time Chairman of ICICI Bank Limited

Tags: Economy/Finance Person in news

Pradeep Kumar Sinha appointed to succeed Girish Chandra Chaturvedi as the Non-Executive Part-time Chairman of ICICI Bank Limited upon Chaturvedi's retirement on June 30, 2024.

An Overview of the News

• Sinha to assume the position from July 1, 2024, following Reserve Bank of India (RBI) approval, for a term of three years.

• Sinha approved as an Additional Independent Director by ICICI Bank's Board of Directors for a five-year term (2024 to 2029) during the meeting held from February 15-17, 2024.

Background of Pradeep Kumar Sinha

• Sinha, a 1977 batch Indian Administrative Service (IAS) officer from Uttar Pradesh (UP) Cadre, brings extensive administrative experience to the role.

• Held Government Nominee Director positions in major public Sector Undertakings (PSUs) including ONGC, IOCL, HPCL, BPCL, and GAIL.

• Served as India's Cabinet Secretary from 2015 to 2019, demonstrating leadership at the highest levels of government.

• From 2019 to 2021, Sinha served as a Principal Advisor to Prime Minister Narendra Modi, contributing to strategic decision-making.

• Additionally, Sinha served as an Additional Independent Director in Bharti Airtel Limited from 2022 to May 14, 2024, bringing corporate governance insights to his roles.

About ICICI Bank Limited

• Established:- 1994

• MD & CEO:- Sandeep Bakhshi

• Headquarters:- Mumbai, Maharashtra

• Tagline:- Hum Hai Na, Khayal Apka