ICICI Bank board approves Sandeep Bakhshi’s reappointment as MD & CEO till 2028.

Exam-focused facts from the 20 January 2026 current affairs briefing.

Key facts

The board of ICICI Bank approved the reappointment of Sandeep Bakhshi as Managing Director and Chief Executive Officer for a two-year term from October 4, 2026 to October 3, 2028.
The reappointment is subject to approvals from the Reserve Bank of India (RBI), the bank’s shareholders and other statutory authorities.
Bakhshi took over as MD & CEO in October 2018 and has been credited with steering the bank through tighter risk controls, improved asset quality and steady growth across retail and corporate banking.
The board noted the reappointment aligns with RBI’s Commercial Banks: Governance Directions, 2025.