ICICI Bank stated that RBI permitted the re-appointment of Sandeep Bakhshi with impact from October 4, 2023 for 3 years

The nation’s second largest non-public sector financial institution, ICICI Bank stated that it has obtained the Reserve Bank of India (RBI)’s approval for re-appointment of Sandeep Bakhshi because the managing director and chief government officer (MD and CEO) of the financial institution.

The lender, in an trade submitting on September 11 stated that RBI permitted the re-appointment of Sandeep Bakhshi because the MD and CEO of the financial institution with impact from October 4, 2023 until October 3, 2026.

“At the Annual General Meeting held on August 30, 2023, the Shareholders had already approved the appointment of Mr. Bakhshi for the above mentioned period,” the lender stated within the submitting.

Also learn: ICICI Bank board reappoints Sandeep Bakhshi as MD and CEO for three years

Earlier, the board of administrators of ICICI Bank had permitted to re-appoint Bakhshi because the financial institution’s MD and CEO for a interval of three years.

Bakhshi has been holding the place within the financial institution since October 15, 2018. Prior to his appointment, he was Whole time Director and the Chief Operating Officer (COO).

Bakhshi has been with the ICICI Group for 36 years and has dealt with varied assignments throughout the group in ICICI Limited, ICICI Lombard General Insurance, ICICI Bank and ICICI Prudential Life Insurance.