Sandeep Bakhshi Gets Two-Year Extension as ICICI Bank MD & CEO Until October 2028

• ICICI Bank's board re-appointed Sandeep Bakhshi as MD & CEO for two more years, effective October 4, 2026, until October 3, 2028.
• Bakhshi, who joined the ICICI Group in 1996, became MD & CEO in October 2018, previously having his term extended until October 2026.
• Under his leadership, ICICI Bank significantly improved asset quality, with gross NPAs falling to 1.5% and net NPAs below 0.4% by Q3 FY26.
• Strategies included risk-calibrated growth, focus on retail, MSME, and granular corporate loans, and a strong emphasis on governance.
• ICICI Bank reported a 4% drop in Q3 net profit to ₹11,318 crore, impacted by a ₹1,283 crore RBI-mandated provision for agricultural priority sector credit.

Why It Matters: Sandeep Bakhshi's tenure as ICICI Bank MD & CEO extended, reflecting confidence despite a Q3 profit dip.