ICICI Bank: RBI Approves Re-appointment of Sandeep Bakhshi as MD & CEO for two years
The Reserve Bank of India (RBI) has approved the re-appointment of Mr. Sandeep Bakhshi as MD & CEO of ICICI Bank. The reappointment is for a two-year term, effective October 4, 2026, to October 3, 2028. Shareholder approval will be sought subsequently.
The re-appointment of a key leadership position like MD & CEO for a significant term is material to the bank's strategic direction and operational continuity, thus having a medium impact.
The RBI's approval for the re-appointment of the MD & CEO signifies continued confidence in the leadership and stability of the bank.
ICICI Bank Limited has received approval from the Reserve Bank of India (RBI) for the re-appointment of Mr. Sandeep Bakhshi as the Managing Director & Chief Executive Officer (MD & CEO) of the Bank. The approval is for a further period of two years, effective from October 4, 2026, to October 3, 2028.
This re-appointment was initially approved by the Bank's Board on January 17, 2026. The approval from the RBI is a crucial step, and the bank will now seek the approval of its shareholders in due course. Mr. Bakhshi's existing term is set to conclude on October 3, 2026, making this re-appointment a continuation of his leadership.
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ICICI Bank Limited filed this with the NSE as a statutory disclosure, categorised under key management changes. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by ICICI Bank Limited. Read the original for the full detail.