Transfers & Postings · BFSI
The Reserve Bank of India has approved the re-appointment of Sandeep Bakhshi as Managing Director and CEO of ICICI Bank for a two-year term beginning October 4, 2026.
✦ AI SUMMARY 30-second read
- RBI approval covers the period October 4, 2026, to October 3, 2028.
- The ICICI Bank board had unanimously backed the re-appointment on January 17, 2026.
- Shareholder approval and other statutory clearances are still to be obtained.
Why it matters: Bakhshi's continuation extends a leadership tenure that began in October 2018, providing stability at one of India's largest private sector banks.
This summary was generated by AI. Editors may review and update it.
The Reserve Bank of India has approved the re-appointment of Sandeep Bakhshi as Managing Director and CEO of ICICI Bank for a further two-year term, running from October 4, 2026, to October 3, 2028.
The central bank communicated its approval in a letter dated May 22, 2026. Bakhshi has held the MD and CEO position at ICICI Bank since October 2018.
Board approval and next steps
The ICICI Bank board had moved first, voting unanimously on January 17, 2026, to extend Bakhshi's leadership at the bank. The RBI's subsequent approval now clears a key regulatory hurdle in the re-appointment process.
The bank confirmed it will seek shareholder approval for the re-appointment in due course. The appointment also remains subject to any other statutory approvals that may be required before it takes full effect on October 4, 2026.
About the officer
Sandeep Bakhshi
| New post | Managing Director and CEO, ICICI Bank (re-appointed for two-year term from October 4, 2026, to October 3, 2028) |
|---|---|
| Previous post | Managing Director and CEO, ICICI Bank |
| Career so far | Bakhshi has served as MD and CEO of ICICI Bank since October 2018. |
