ICICI Bank has received approval from the Reserve Bank of India (RBI) for the reappointment of Sandeep Bakhshi as Managing Director and Chief Executive Officer for an additional 2 years.
The renewed term will begin on October 4, 2026, and continue until October 3, 2028, ensuring continuity in leadership at one of India’s largest private sector banks.
The approval comes after ICICI Bank’s Board unanimously approved Bakhshi’s reappointment in January 2026, subject to regulatory and shareholder clearances.
In a regulatory filing, the bank stated: “This is further to our letter dated January 17, 2026 intimating the Board’s unanimous approval for the re-appointment of Mr. Sandeep Bakhshi (DIN: 00109206) as Managing Director & CEO of the Bank for a further period of two years with effect from October 4, 2026 to October 3, 2028, subject to approval of Reserve Bank of India (RBI), shareholders, and such other approvals as may be required.”
The bank further added: “RBI has, vide its letter dated May 22, 2026, approved the re-appointment of Mr. Sandeep Bakhshi for a period of two years from October 4, 2026. The approval of the shareholders will be sought in due course of time.”
Bakhshi has been leading ICICI Bank since 2018 and has overseen the bank’s growth and operational performance during his tenure.
ICICI Bank is currently India’s 2nd largest private sector lender by market capitalisation, and the extension of Bakhshi’s term is expected to provide leadership stability as the bank continues its growth journey.
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