ICICI Bank MD & CEO Sandeep Bakhshi
Indian private lender ICICI Bank has received approval from India's central bank to reappoint Sandeep Bakhshi as its chief executive for a further period of two years, with effect from October 4, the bank said in a statement on Friday.
* Bakhshi would remain ICICI's CEO until October 3, 2028, the bank said. In January, the bank's board approved Bakhshi's reappointment, subject to approval from the Reserve Bank of India.
* ICICI Bank is India's second-largest private lender by market capitalisation. Bakhshi has led the bank since 2018.
* Last month, the bank posted a standalone net profit of 137.02 billion Indian rupees ($1.43 billion) for the three months to March 31, up from 126.30 billion rupees a year earlier.
* Bakhshi would remain ICICI's CEO until October 3, 2028, the bank said. In January, the bank's board approved Bakhshi's reappointment, subject to approval from the Reserve Bank of India.
* ICICI Bank is India's second-largest private lender by market capitalisation. Bakhshi has led the bank since 2018.
* Last month, the bank posted a standalone net profit of 137.02 billion Indian rupees ($1.43 billion) for the three months to March 31, up from 126.30 billion rupees a year earlier.