RBI approves the reappointment of Sandeep Bakshi as MD & CEO of ICICI Bank

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The Reserve Bank of India (RBI) approved the reappointment of Sandeep Bakshi as the Managing Director and Chief Executive Officer (MD and CEO) of ICICI Bank.

An Overview of the News

• The RBI approval, received through an exchange filing on September 11, has extended the tenure of Sandeep Bakshi as MD and CEO of ICICI Bank from October 4, 2023, to October 3, 2026.

• Sandeep Bakshi has been leading ICICI Bank since October 15, 2018, and before that, he served as a full-time director and Chief Operating Officer (COO).

• Bakshi has a tenure of 36 years in ICICI Group and has held various important positions.

About ICICI Bank Limited:

• ICICI Bank Limited is an Indian multinational bank and financial services company.

• The Bank offers a wide range of banking products and financial services to both corporate and retail customers.

• ICICI Bank has subsidiaries in the fields of investment banking, life and non-life insurance, venture capital, and asset management.

• Additionally, it has a global presence,operating in 17 countries.

• It also has branches in the United States, Singapore, Bahrain, Hong Kong, Qatar, Oman, Dubai International Finance Centre, China and South Africa.

• In addition, the bank has representative offices in the United Arab Emirates, Bangladesh, Malaysia, and Indonesia.

• Established - 5January 1994

• Headquarters - Mumbai, Maharashtra, India, (Registered Office at Vadodara, Gujarat)