ICICI Bank has received formal approval from the Reserve Bank of India to re-appoint Sandeep Bakhshi as the Managing Director & CEO of the bank. This extension secures his leadership for a further period of two years, ensuring stability at the helm. The re-appointment is effective from October 4, 2026, and will continue through October 3, 2028. Shareholder approval for this extension will be sought in the upcoming general meeting.
Leadership Continuity Secured
ICICI Bank is set to maintain its current leadership trajectory with the Reserve Bank of India formally approving the extension of Sandeep Bakhshi as Managing Director & CEO. This decision follows the unanimous recommendation of the Bank’s board, which initially proposed the two-year extension in January 2026.
Terms of the Appointment
The approved term for Mr. Bakhshi’s continued tenure is two years, commencing on October 4, 2026. His leadership will remain central to the bank’s strategy until October 3, 2028. While regulatory clearance has been granted, the bank confirmed that the final mandate from shareholders remains the next procedural step in the re-appointment process.
Strategic Outlook
Since taking on the role, Mr. Bakhshi has overseen a period of significant growth and digital transformation for the institution. The confirmation of his leadership for the next two years provides investors and stakeholders with a clear signal of continuity and strategic consistency as the bank moves into the 2026-2028 period.
Source: BSE
