Private sector lender ICICI Bank announced that the Reserve Bank of India (RBI) approved the appointment of Sandeep Bakshi as the Managing Director (MD) and Chief Executive Officer (CEO) of ICICI Bank for three years. Earlier on October 4, 2018, the board of ICICI Bank elevated Chief Operating Officer Bakhshi as the bank’s new Managing Director and Chief Executive Officer after resignation of Chanda Kochhar.
Sandeep Bakshi :
Sandeep Bakshi started his professional career in 1983 at a computer marketing company ORG Systems. He joined the ICICI group in the year 1986. He was appointed as the MD and CEO of ICICI Prudential Life Insurance Company on August 1, 2010. He was appointed as the bank’s COO in June 2018. In his 32 years at ICICI, he has looked after the insurance, corporate and lending businesses of the group. Under his leadership, the company redesigned various products, re-engineered the distribution architecture and made significant improvement in productivity.
ICICI Bank :
ICICI Bank Limited (Industrial Credit and Investment Corporation of India) is an Indian multinational banking and financial services company headquartered in Mumbai, Maharashtra, India, with its registered office in Vadodara. In 2014, it was the second largest bank in India in terms of assets and third in term of market capitalisation. It offers a wide range of banking products and financial services for corporate and retail customers through a variety of delivery channels and specialised subsidiaries in the areas of investment banking, life, non-life insurance, venture capital and asset management.