Mr. Sandeep Bakshi and Mr. Ajay Kumar Gupta re-appointed on Board of ICICI Bank

Mumbai: Mumbai based ICICI Bank has announced the Re-appointment of Mr. Sandeep Bakhshi as Managing Director & CEO.

The Board of Directors recorded that the current tenure of Mr. Sandeep Bakhshi as Managing Director & CEO of the Bank was till October 3, 2026.

The Board unanimously approved the re-appointment of Mr. Sandeep Bakhshi for a further period of two years with effect from October 4, 2026 to October 3, 2028,

subject to approval of Reserve Bank of India, shareholders, and such other approvals as may be required.

Mr. Bakhshi, an employee of ICICI since 1986, was appointed as MD & CEO in October 2018.

Further, the Board has announced the Re-appointment of Mr. Ajay Kumar Gupta as Executive Director.

The Board of Directors recorded that the current tenure of Mr. Ajay Kumar Gupta as Executive Director of the Bank was till November 26, 2026.

The Board unanimously approved the re-appointment of Mr. Ajay Kumar Gupta for a further period of two years with effect from November 27, 2026 to November 26,

2028, subject to approval of Reserve Bank of India, shareholders, and such other

approvals as may be required.

Both the above re-appointments are in line with RBI (Commercial Banks: Governance) Directions, 2025 dated November 28, 2025, the filing mentioned.

Mr. Ajay Kumar Gupta is a Chartered Accountant, 1991. He is responsible for credit underwriting and process management for the Retail and Business Banking, Operations, Technology and Data Sciences and Analytics function of the Bank.

He is the Chairperson of the Board of ICICI Securities Primary Dealership Limited and I-Process Service (India) Limited. He also serves on the Board of ICICI Securities Limited and ICICI Home Finance Company Limited.