ICICI Bank board approves Sandeep Bakhshi’s reappointment as MD & CEO till 2028

Mumbai: The board of ICICI Financial institution on Friday accredited the reappointment of Sandeep Bakhshi as Managing Director and Chief Government Officer for an additional two-year time period, starting October 4, 2026 and ending October 3, 2028, in accordance with a regulatory submitting.

Bakhshi’s present tenure as MD & CEO runs until October 3, 2026. The reappointment shall be topic to approvals from the Reserve Financial institution of India (RBI), the financial institution’s shareholders and different statutory authorities, ICICI Financial institution mentioned.

Bakhshi took over as MD & CEO in October 2018 and has been credited with steering the nation’s second-largest non-public sector lender by way of a interval marked by tighter danger controls, improved asset high quality and regular progress throughout retail and company banking.

The board famous that the reappointment is in step with the RBI’s Industrial Banks: Governance Instructions, 2025. The choice was taken on the board assembly held on January 17, 2026, which additionally accredited the financial institution’s unaudited monetary outcomes for the quarter and 9 months ended December 31, 2025.