In a strategic governance decision, the board of ICICI Bank has sanctioned a two-year extension for Managing Director and Chief Executive Officer Sandeep Bakhshi, extending his term from October 4, 2026 to October 3, 2028, subject to customary approvals from the Reserve Bank of India (RBI) and shareholders.

Mr. Bakhshi has helmed India’s second-largest private sector bank since October 2018, guiding the institution through periods of tighter risk management, enhanced asset quality and steady growth across retail and corporate segments. His tenure has been characterised by disciplined credit practices and operational resilience, strengthening the bank’s competitive position in an evolving financial landscape.

The board’s move to opt for a two-year extension, rather than the conventional three-year term has sparked market and industry commentary, with analysts interpreting it as a calibrated approach that balances continuity with future leadership planning. This extension brings clarity to succession timelines and alleviates uncertainty around executive leadership transition.

The decision underscores ICICI Bank’s commitment to stable leadership and aligns with contemporary governance practices aimed at sustaining long-term shareholder value, operational excellence and stakeholder confidence.