The approval of the shareholders will be sought in due course of time, the bank said in a stock exchange filing.
Earlier this year, ICICI Bank’s board had unanimously approved the re-appointment of Bakshi as Managing Director and CEO for further period of two years with effect from 4 October 2026 to 3 October 2028.
Bakhshi is the Managing Director and CEO of ICICI Bank since 15 October 2018. Prior to his appointment as MD & CEO, he was a Wholetime Director and the Chief Operating Officer (COO) of the Bank.
Bakhshi has been with the ICICI Group since 1986 and has handled various assignments across the group in ICICI Limited, ICICI Lombard General Insurance, ICICI Bank and ICICI Prudential Life Insurance.
