ICICI Bank Appoints Ashwani Bhatia as Independent Director

Mumbai: ICICI Bank Limited has announced the appointment of Mr. Ashwani Bhatia as an Additional (Independent) Director, subject to approval from shareholders.

The appointment was approved by the Board of Directors through a circular resolution on June 1, 2026.

Board Appointment Details

As per the regulatory filing submitted to stock exchanges, Mr. Ashwani Bhatia will serve for a term of five years, commencing from:

• June 1, 2026 to May 31, 2031

The appointment is subject to shareholder approval at the upcoming general meeting.

The bank confirmed that Mr. Bhatia is not related to any member of the Board and is not debarred from holding directorship by any regulatory authority.

The disclosure was made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and submitted to both:

• BSE Limited

• National Stock Exchange of India

About Ashwani Bhatia

Mr. Ashwani Bhatia is a seasoned financial services professional with over 40 years of experience in banking, capital markets, and regulatory institutions.

He has held senior leadership positions across major institutions, including:

SEBI Leadership Role (2022–2025)

He served as a Whole Time Member at the Securities and Exchange Board of India from June 2022 to May 2025, overseeing key departments including:

• Debt and Hybrid Securities

• Alternative Investment Funds (AIFs)

• Foreign Portfolio Investors (FPIs)

• Market Intermediaries Regulation

• Corporate Finance Investigation

• Investor Assistance & Education

Banking Career at SBI Group

Prior to SEBI, he spent nearly 37 years with the State Bank Group, joining as a Probationary Officer in 1985.

Over his long banking career, he held several leadership roles and retired as:

• Managing Director, State Bank of India (SBI)

• Former MD & CEO, SBI Funds Management Limited

He has extensive experience in:

• Treasury operations

• Retail banking

• Credit and risk management

• Investment banking

• Asset management

Education

Mr. Bhatia holds:

• Bachelor of Science (Physics & Mathematics), Dayalbagh University, Agra

• MBA, Podar Institute of Management, Jaipur

About ICICI Bank

ICICI Bank Limited is one of India’s leading private sector banks, offering a wide range of retail, corporate, and digital banking services across domestic and international markets.