ICICI Bank CEO Sandeep Bakhshi Re-appointment RBI Approved

This is a regulatory disclosure filed by ICICI Bank Limited with the BSE and NSE listing departments under SEBI LODR Regulation 30.

The disclosure provides an update on the re-appointment of Mr. Sandeep Bakhshi (DIN: 00109206) as the Managing Director & CEO of the Bank. The Bank's Board had previously given its unanimous approval for this re-appointment for a further period of two years via a letter dated January 17, 2026. The re-appointment was subject to approvals from the Reserve Bank of India (RBI) and the shareholders.

The Bank has now received the requisite approval from the RBI. The central bank, vide its letter dated May 22, 2026, has approved the re-appointment of Mr. Sandeep Bakhshi for a period of two years. The term is effective from October 4, 2026, to October 3, 2028.

The approval of the shareholders is the next step required, which the Bank states will be sought in due course.

The disclosure was also sent to the New York Stock Exchange (NYSE), SIX Swiss Exchange Ltd., Singapore Stock Exchange, and the Japan Securities Dealers Association.