ICICI Bank has reappointed Sandeep Bakhshi as its Managing Director and Chief Executive Officer for an additional two years, keeping him at the helm until October 3, 2028.
The decision was made at a board meeting on January 17, 2026, and disclosed through a regulatory filing. Bakhshi has been leading ICICI Bank since October 2018 and has over 30 years of experience across the ICICI Group, including roles at ICICI Bank, ICICI Prudential Life Insurance, ICICI Lombard, and ICICI Limited.
In addition to Bakhshi, the board also approved the two-year extension of Executive Director Ajay Kumar Gupta, effective from November 27, 2026, to November 26, 2028. Both appointments are subject to approvals from the Reserve Bank of India, shareholders, and other statutory authorities.
Bakhshi’s reappointment comes as ICICI Bank continues to show steady operational performance. While the bank reported a slight decline in net profit for the quarter ended December 31, 2025, due to higher provisions following a regulatory review of agricultural loans, key metrics such as net interest income, asset quality, and loan growth remained robust. Analysts say that extending Bakhshi’s tenure ensures leadership continuity, which is crucial for maintaining strategic stability and investor confidence.
The board’s decision highlights the bank’s strategy of balancing performance, governance, and regulatory compliance, ensuring confidence among shareholders, customers, and stakeholders.
Under Bakhshi’s leadership, ICICI Bank has strengthened its presence in both retail and corporate banking, focusing on disciplined growth, technological innovation, and risk management. The bank’s board emphasized that these extensions reflect a commitment to strong corporate governance while providing stability in management during a period of evolving market conditions.
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