ICICI Bank receives central bank approval for CEO reappointment

ICICI Bank

22/05/2026 18:38

May 22 (Reuters) - Indian private lender ICICI Bank ICBK.NS has received approval from India's central bank to reappoint Sandeep Bakhshi as its chief executive for a further period of two years, with effect from October 4, the bank said in a statement on Friday.

Bakhshi would remain ICICI's CEO until October 3, 2028, the bank said. In January, the bank's board approved Bakhshi's reappointment, subject to approval from the Reserve Bank of India.

ICICI Bank is India's second-largest private lender by market capitalisation. Bakhshi has led the bank since 2018.

Last month, the bank posted a standalone net profit of 137.02 billion Indian rupees ($1.43 billion) for the three months to March 31, up from 126.30 billion rupees ​a year earlier.

($1 = 95.6900 Indian rupees)

 (Reporting by Kanjyik Ghosh in Barcelona; Editing by Louise Heavens)

 ((kanjyik.ghosh@thomsonreuters.com))