ICICI Bank Share Price in Focus; RBI Approves Sandeep Bakhshi’s Re-Appointment as MD and CEO

ICICI Bank has received approval from the Reserve Bank of India for the re-appointment of Sandeep Bakhshi as Managing Director and Chief Executive Officer for another 2-year term. 

According to the bank’s regulatory filing dated May 22, 2026, the renewed term will begin on October 4, 2026, and continue till October 3, 2028. 

Approval Communicated Through RBI Letter 

In an exchange filing, the bank stated that the RBI had conveyed its approval through a letter issued on the same day. The lender added that shareholder approval for the appointment will be sought in due course.  

The filing was submitted to both BSE and the National Stock Exchange under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.  

Board Had Cleared Proposal Earlier 

The RBI approval follows the bank board’s decision taken in January 2026 to extend Bakhshi’s tenure for another 2 years, subject to regulatory and shareholder clearances. ICICI Bank had earlier informed exchanges that the proposal received unanimous approval from its board.  

Bakhshi has been heading the bank since 2018. ICICI Bank remains the country’s second-largest private sector lender by market capitalisation. 

Q4FY26 Profit Rises 

Last month, ICICI Bank reported a standalone net profit of ₹13,702 crore for the quarter ended March 31, 2026. The lender had posted a profit of ₹12,630 crore in the corresponding quarter of the previous financial year. 

The bank has continued to report growth in lending and retail banking operations over recent quarters amid stable asset quality trends in the sector. 

Shareholder Approval Pending 

While the RBI has approved the re-appointment, the process remains subject to shareholder approval.  

The bank stated that the required approval from shareholders will be obtained before the beginning of the fresh term in October 2026. 

Read More: Federal Bank Share Price in Focus as RBI Approves Appointment of Elias George as Part-Time Chairman for 3 Years Effective May 23, 2026! 

ICICI Bank Share Price Performance  

As of May 25, 2026, 12:03 pm, ICICI Bank share price was trading at ₹1,278.90, up 1.15% from the previous closing price. 

Conclusion 

The fresh term for Sandeep Bakhshi will run from October 2026 to October 2028, subject to shareholder approval. The RBI communicated its approval through a letter dated May 22, 2026. 

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