ICICI Bank Reappoints Sandeep Bakhshi as MD & CEO Till 2028

The board of ICICI Bank has approved the reappointment of its Managing Director and Chief Executive Officer, Sandeep Bakhshi, for another term. The decision ensures leadership continuity at India’s second-largest private sector bank and comes at a time when stability, governance, and risk management remain key priorities in the banking sector.

Why in News?

ICICI Bank’s board approved the reappointment of Sandeep Bakhshi as MD & CEO till 2028. The decision is subject to approvals from the RBI, shareholders, and statutory authorities.

Reappointment Details and Tenure

• The board of ICICI Bank has cleared the reappointment of Sandeep Bakhshi as Managing Director and CEO for a fresh two year term.
• His new tenure will begin on October 4, 2026, after the completion of his current term, and will run until October 3, 2028.
• The decision was taken at the board meeting held on January 17, 2026.However, the reappointment will come into effect only after receiving approvals from the Reserve Bank of India, shareholders, and other statutory bodies.

Leadership Track Record Since 2018

• Sandeep Bakhshi has been leading ICICI Bank as MD & CEO since October 2018.
• During his tenure, the bank navigated a challenging phase marked by stressed assets and regulatory scrutiny.
• Under his leadership, ICICI Bank strengthened risk controls, improved asset quality, and focused on balanced growth across retail and corporate banking.
• The bank also enhanced governance standards and rebuilt investor confidence.
• His approach emphasised prudence, transparency, and sustainable expansion, which has contributed to consistent financial performance in recent years.

Governance and Regulatory Alignment

• The board noted that Bakhshi’s reappointment is fully aligned with the RBI’s Commercial Banks, Governance Directions, 2025.
• These guidelines stress leadership continuity, accountability, and strong board oversight.
• The same board meeting also approved ICICI Bank’s unaudited financial results for the quarter and nine months ended December 31, 2025.
• This reflects a structured governance process where leadership decisions and financial oversight move in parallel to ensure regulatory compliance and institutional stability.

MD & CEO Appointments in Banks

• In India, the appointment or reappointment of bank CEOs requires RBI approval and shareholder consent.
• Fixed tenures are meant to balance continuity with accountability.

Key Summary at a Glance

Question

Q. Sandeep Bakhshi has been reappointed as MD & CEO of which bank?

A. SBI
B. HDFC Bank
C. ICICI Bank
D. Axis Bank