The Reserve Bank of India (RBI) has approved the re-appointment of Sandeep Bakhshi as the MD & CEO of ICICI Bank. This will be with effect from October 15, 2021, till October 3, 2023. The shareholders at the Annual General Meeting held on August 9, 2019 had already approved the appointment of Mr Bakhshi for a period effective from October 15, 2018, up to October 3, 2023.
Bakshi, who was hand-picked by his mentors- KV Kamath and N Vaghul, took over the charge in October 2018, after his predecessor Chanda Kochhar’s exit following the ICICI Bank-Videocon loan controversy.
Important takeaways for all competitive exams:
- ICICI Bank Headquarters: Mumbai, Maharashtra;
- ICICI Bank Tagline: Hum Hai Na, Khayal Apka.