Pradeep Kumar Sinha Appointed as Non-Executive Part-time Chairman of ICICI Bank

ICICI Bank announced the appointment of Mr. Pradeep Kumar Sinha as the Non-Executive Part-time Chairman at its recent board meeting. This decision follows the retirement of Mr. G. C. Chaturvedi, the current Chairman, effective June 30, 2024.

Appointment at ICICI Bank

• Approved as an Additional (Independent) Director for a five-year term, effective immediately, subject to shareholder approval.
• Designated as the Non-Executive Part-time Chairman from July 1, 2024, or upon RBI approval, succeeding Mr. G. C. Chaturvedi.
• Will serve in this capacity until February 16, 2029, filling the vacancy left by Mr. Chaturvedi’s retirement.

Background

Mr. Pradeep Kumar Sinha has an illustrious career spanning over four decades in the Indian Administrative Service (IAS). He holds a Masters’s degree in Economics from the Delhi School of Economics and has completed an M. Phil in Social Sciences. Throughout his career, he has held various key positions, including serving as the Cabinet Secretary, the highest-ranking civil servant in India, for over four years. He has extensive experience in government ministries, particularly in the Power and Oil & Gas sectors.

Professional Journey

• Joined the Indian Administrative Service in 1977 after completing his Masters in Economics from the Delhi School of Economics.
• Graduated with Honours in Economics from St. Stephens College, Delhi.
• Completed an M. Phil in Social Sciences in 1991 and was a Visiting Fellow at the University of Oxford in 1999.
• Attended prestigious programs at Stanford University on ‘Mergers and Acquisitions’ and at Harvard University on ‘Leaders in Development’.

Government Service

• Served in various capacities in the State of Uttar Pradesh before transitioning to the Government of India.
• Held significant roles in the Power and Oil & Gas Ministries for approximately 15 years.
• Climbed to the position of Cabinet Secretary, overseeing the functioning of the civil services, for more than four years.
• Retired from the Prime Minister’s Office in March 2021 after 44 years of dedicated service to the nation.