RBI Approves Sandeep Bakhshi’s Reappointment as ICICI Bank CEO Till 2028

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The Reserve Bank of India (RBI) has approved the reappointment of Sandeep Bakhshi as the Managing Director and Chief Executive Officer (MD & CEO) of ICICI Bank for an additional two-year term. His renewed tenure will begin on October 4, 2026, and continue until October 3, 2028, ensuring stability in the leadership of India’s second-largest private sector bank.

Leadership Continuity at ICICI Bank

Sandeep Bakhshi has been heading ICICI Bank since 2018. His reappointment is seen as a significant step toward maintaining leadership continuity at one of India’s top private lenders.

Earlier in January 2026, the bank’s board had approved his reappointment, subject to regulatory clearance from the RBI, which has now been granted.

About Sandeep Bakhshi

Sandeep Bakhshi is regarded as one of India’s most experienced banking professionals. During his leadership at ICICI Bank, the institution has recorded strong growth in profitability, operational efficiency, and investor confidence.

His tenure has been marked by business expansion, financial stability, and improved market performance, making his continued leadership a positive development for the banking sector.

About ICICI Bank

ICICI Bank is among India’s leading private sector banks and currently ranks as the country’s second-largest private lender by market capitalization.

The bank has a strong presence across multiple financial segments, including:

• Retail banking

• Corporate banking

• Digital banking

• Loans and deposits

• Wealth management

• Financial services

ICICI Bank’s financial performance and strategic decisions often play an important role in shaping sentiment within India’s banking industry.

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